Entry Zone: 102,500 – 103,500 (near support, RSI oversold bounce)
Take Profit (TP): 105,682 (immediate resistance)
Secondary TP: 107,000 (breakout confirmation)
Stop Loss (SL): 101,300 (below recent swing low)
Risk-Reward Ratio: 1:2.5+ (e.g., 1,000 risk vs. 2,500+ reward)Scale out 50% at TP1 (105,682) and trail SL for the remainder.
Cancel the trade if price breaks 101,300 with conviction.
Critical Monitoring:
Break below 101,300 → Abort long, consider shorting to 98,000.
Volume surge on breakout → Hold for 107,000+.
This strategy leans on a high-probability rebound while respecting key levels. Always adjust position size to risk tolerance.