๐ฏ Trading Plan:
Scenario 1 (Bullish Continuation):
Buy or hold as long as price holds above VWAP
Target move toward $3,000 โ$3,430 (resistance zone)
If breakout above $3,430 โ watch for acceleration
Scenario 2 (Rejection at Resistance):
Wait for confirmation of rejection (e.g., weekly SFP or bearish engulfing) in $3,000 โ$3,430 zone
Consider short/hedge if rejection is confirmed, targeting a move back toward $2,600โ$2,222
Invalidation:
Structure turns bearish only if price closes below $2,222
๐ Triggers & Confirmations:
Uptrend intact as long as price is above VWAP
Confirmation required for shorts: look for SFP or clear reversal pattern at resistance
๐ Order Placement & Management:
๐ผ Buy/Hold: While price is above $2,222
๐ก๏ธ Stop: Close below $2,222 (monthly close)
๐ฏ Targets: $3,150 โ $3,430
๐ป Short/Hedge (optional): On confirmed weekly rejection at resistance
๐ฏ Short Target: $2,600โ$2,222
๐จ Risk Warning:
Main structure is bullish; any shorts are strictly countertrend and require strong confirmation