🧠 Chart Summary (4H TF)
Current Price: $105,695
24h High/Low: $106,173 / $102,614
Last Swing Low: $103,275
Market Reaction: Strong recovery from a local bottom, but price is facing EMA resistance and prior supply zone.
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📊 Technical Analysis Breakdown
📌 Key Levels (from chart):
Level Type
$103,275 Recent swing low (demand support)
$105,779 EMA cluster & resistance
$106,227 21 EMA (dynamic resistance)
$106,918 Local horizontal resistance
$108,122–$108,135 Major supply zone
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🔍 Indicators:
EMA 9/21: Acting as dynamic resistance (currently flattening = weak trend).
RSI: Rising from oversold (currently ~40–45 zone), not yet overbought.
Volume: Moderate, no sign of strong breakout/breakdown yet.
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✅ Intraday Trading Signal (LONG SETUP)
🔵 ENTRY ZONE (Buy on pullback):
$105,200 – $105,600
Entry on minor dip or retest of EMA support (confluence zone)
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🛑 STOP-LOSS:
$103,200
Below recent swing low and demand wick; invalidates structure.
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🎯 TAKE-PROFIT TARGETS:
Target Price Level Reason
TP1 $105,780 9 EMA & recent rejection
TP2 $106,227 21 EMA resistance
TP3 $106,918 Major price reaction zone
TP4 $108,000–108,135 Major supply zone
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⚠️ Alternative Plan – Short Rejection Setup:
If price reaches $106,900+ but shows rejection candles, consider a short:
Short Entry: $106,900 – $107,200
SL: $108,200 (above supply)
TP: $105,500 → then $104,200
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🧮 Risk-Reward Analysis (Long Setup):
Risk: $2,500 (Entry ~$105,500, SL at $103,200)
Reward to TP3 ($106,918): $1,400+
Reward to TP4 ($108,135): $2,600+
Best R:R: ~1:1 or higher (Good for intraday swing)
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🔦 Final Thoughts:
Buy dips above $105,200, especially if price stays above $105,000 in next 2 candles.
Avoid buying breakouts unless volume increases above $106,900.
Watch for strong price rejection near $108K – that's where sellers may hit hard.
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