Trend Bias (Next 3 Hours): Slightly Bearish or Sideways
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Entry:
$166.5 – $167.0
(Safe zone near support; current price consolidation area)
Take Profit (TP):
$169.8 – $170.0
(Short-term resistance zone; likely high within next 3 hours if momentum builds)
Stop Loss (SL):
$164.0
(Below key support and May 17 low – if broken, trend may turn strongly bearish)
Risk/Reward Ratio:
Approximately 1:1.5 to 1:2 depending on exact entry/exit
Reasoning:
RSI at ~40 = still weak but room to bounce
MACD negative = momentum still bearish
Price sitting above key support at $166
Resistance near $170 may cap upside in next 3 hours
Strong break below $164 would invalidate this trade
