### **Cotton No. 2 Futures (CT1!) - Bullish Divergence & Trade Setup**
(**Not Financial Advice**)
#### **📌 Key Observations:**
- **Bullish Divergence**: RSI is making higher lows while price is making lower lows → Indication of **potential reversal**.
- **Support & Resistance Levels**:
- **Support:** 🟢 **65.73** (Major Demand Zone)
- **Resistance Levels:**
- **67.29 - 67.44** (First Resistance Zone)
- **68.17 - 68.40** (Strong Resistance, possible reaction area)
- **84.60** (Key Liquidity Area, Major Resistance)
#### **🎯 Short-Term Bullish Targets (TP Levels)**
1️⃣ **67.36 - 67.44** → First Take Profit (Minor resistance, watch for reactions)
2️⃣ **68.40** → Strong resistance, key breakout level
3️⃣ **94.60** → Major liquidity zone (long-term target if momentum builds)
#### **🔹 Trade Setup Consideration:**
- **Entry:** Around current price action if it holds above support.
- **Stop-Loss (SL):** Below **61.73** to manage risk.
- **Confirmation:** Price closing above 67.44 would strengthen bullish case.
Would you like a risk-management strategy for this trade? 🚀 (**Not Financial Advice**)
(**Not Financial Advice**)
#### **📌 Key Observations:**
- **Bullish Divergence**: RSI is making higher lows while price is making lower lows → Indication of **potential reversal**.
- **Support & Resistance Levels**:
- **Support:** 🟢 **65.73** (Major Demand Zone)
- **Resistance Levels:**
- **67.29 - 67.44** (First Resistance Zone)
- **68.17 - 68.40** (Strong Resistance, possible reaction area)
- **84.60** (Key Liquidity Area, Major Resistance)
#### **🎯 Short-Term Bullish Targets (TP Levels)**
1️⃣ **67.36 - 67.44** → First Take Profit (Minor resistance, watch for reactions)
2️⃣ **68.40** → Strong resistance, key breakout level
3️⃣ **94.60** → Major liquidity zone (long-term target if momentum builds)
#### **🔹 Trade Setup Consideration:**
- **Entry:** Around current price action if it holds above support.
- **Stop-Loss (SL):** Below **61.73** to manage risk.
- **Confirmation:** Price closing above 67.44 would strengthen bullish case.
Would you like a risk-management strategy for this trade? 🚀 (**Not Financial Advice**)
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.