Short Trade Setup (if support breaks)

🔻 Type: Short (Sell)

⏱️ Timeframe: 15 min to 4 hr

📉 Entry: ₹1,04,000

🎯 Targets:

• Target 1: ₹1,03,200

• Target 2: ₹1,02,800

• Target 3 (final): ₹1,02,500

🛑 Stop Loss: ₹1,05,100

💰 Risk-Reward Ratio: ~1:2 to 1:3

Rationale: A breakdown below ₹1,04,000 with increasing volume confirms bearish continuation. EMA resistance and rejection from ₹1,05,200 strengthen this view.

✅ Long Trade Setup (if bullish breakout happens)

🔼 Type: Long (Buy)

📈 Entry: ₹1,05,600 (after breakout confirmation)

🎯 Targets:

• Target 1: ₹1,06,200

• Target 2: ₹1,07,000

• Target 3 (final): ₹1,07,800

🛑 Stop Loss: ₹1,04,900

💰 Risk-Reward Ratio: ~1:2.5+

Rationale: Breakout above recent resistance zone with volume would signal bullish strength. Ideal for breakout traders.

⸻

🔁 Risk Management Tips

• Use isolated margin if you’re using leverage.

• Risk only 1-2% of your capital per trade.

• Confirm breakdown/breakout with volume spike and candle close.

1. Price Action

• Current Price: ₹1,04,582.5 (~$104,582)

• Recent Low: ₹1,03,750

• Recent High: ₹1,05,500

• There was a sharp bounce from ₹1,03,750 to ₹1,05,202, but price faced rejection and is now falling again.

2. Moving Averages (EMAs)

• EMA 7 (Yellow): 104,702

• EMA 25 (Pink): 104,643

• EMA 99 (Purple): 104,957

🔻 Current price is below all EMAs, indicating short-term weakness.

3. MACD (Momentum Indicator)

• MACD Value: 70.8 (positive crossover)

• Histogram is showing positive momentum, but DIF is -10.2, and DEA is -81, suggesting momentum may be stalling soon.

4. Volume

• Recent spike in green$BTC

5. Price Pattern• A lower high is forming, which could lead to a bearish continuation unless it breaks above ₹1,05,500 with volume.

Bearish Bias:

• Probability of falling again is moderate to high unless it holds support above ₹1,04,000 (~$104,000).

• A break below ₹1,03,750 could trigger more downside towards ₹1,02,800 – ₹1,02,500