Price has aggressively recovered from the demand zone around $101,000–$101,500, initiating a sharp bullish leg into a previously defined supply zone between $104,260–$104,787. This region also overlaps with a prior inefficiency and strong sell-off area.
📌 Key Highlights:
PDH (Previous Day High) has been swept.
Price is now entering a confluence of resistance:
🔹 Bearish order block
🔹 Supply zone
🔹 Volume imbalance filled
Clear reaction anticipated as buyers begin to slow down near $104,260–$104,787.
Lower timeframe structure suggests bullish exhaustion as we tap into this zone.
📉 Bias: Bearish
💡 Scenario: Looking for potential rejection from current levels for a move back into $103,116, with deeper downside targets near $102,600 and possibly back into the demand zone below $101,500.
Trade Setup Idea:
Entry: ~$104,260–$104,787
TP1: $103,100
TP2: $102,600
SL: Above $104,800
Invalidation: Clean break and close above $104,800 on higher timeframes.
🧠 Watch price action closely within this zone before entering. Patience will be key for precision.
📌 Key Highlights:
PDH (Previous Day High) has been swept.
Price is now entering a confluence of resistance:
🔹 Bearish order block
🔹 Supply zone
🔹 Volume imbalance filled
Clear reaction anticipated as buyers begin to slow down near $104,260–$104,787.
Lower timeframe structure suggests bullish exhaustion as we tap into this zone.
📉 Bias: Bearish
💡 Scenario: Looking for potential rejection from current levels for a move back into $103,116, with deeper downside targets near $102,600 and possibly back into the demand zone below $101,500.
Trade Setup Idea:
Entry: ~$104,260–$104,787
TP1: $103,100
TP2: $102,600
SL: Above $104,800
Invalidation: Clean break and close above $104,800 on higher timeframes.
🧠 Watch price action closely within this zone before entering. Patience will be key for precision.
I am not 100% but I am trying to do better than my previous self
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
I am not 100% but I am trying to do better than my previous self
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.