Several hard rejections at resistance (see red dots).
Rounded formation at resistance – indicated buyers exhaustion, favoring shorts.
Candle has yet to close and a lot can happen especially in those last ten minutes.
Possible resistance at 19760 - could be a first TP point. If bullish reaction there is weak (watch volume), I would let it run to 19620, which is where a high volume node is located (which often acts as support).
I expect strong support at bottom of range. If we do get there (we may not break through the high volume node) then it’s a good entry for long position.
!!Still, it depends on how current candle plays out!! Watch that for confirmation
**NFA**
Rounded formation at resistance – indicated buyers exhaustion, favoring shorts.
Candle has yet to close and a lot can happen especially in those last ten minutes.
Possible resistance at 19760 - could be a first TP point. If bullish reaction there is weak (watch volume), I would let it run to 19620, which is where a high volume node is located (which often acts as support).
I expect strong support at bottom of range. If we do get there (we may not break through the high volume node) then it’s a good entry for long position.
!!Still, it depends on how current candle plays out!! Watch that for confirmation
**NFA**
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.