🔻 1. Short Entry Zone




  • Sell Zone: $205 – $209




  • Reasoning: Price is sitting at $206.27, stretched above the Upper Bollinger Band (202.94) → classic overbought signal.




  • The range between current levels and the $213.90 swing high is a heavy resistance pocket.




  • Look for bearish reversal candles (engulfing, doji, shooting star) in this zone to trigger entry.





🎯 2. Profit Targets (Take Profit Levels)


Scale out as price retraces into support:




  • TP1: ~$187 (Middle Bollinger Band at 187.22). Often acts as the first support on mean reversion.




  • TP2: ~$171–177 (Lower Bollinger Band at 171.49 + recent 24h low at 177.27). Stronger demand zone and main downside target.





🛑 3. Risk Control (Stop Loss)




  • SL: $214 – $215 (just above the swing high at $213.90).




  • Rationale: Only a decisive breakout to new highs would invalidate the short setup and confirm continued bullish strength.





Summary:




  • Bias: Short-term short setup valid in the $205–209 rejection zone.




  • Plan: Enter on bearish confirmation → scale profits at 187 → 171–177.




  • Risk: Protect the trade with a stop at 214–215.




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