⚡️Price Analysis:
1️⃣ Price has reached a crucial demand zone.
2️⃣ Price rejected from marked Sz.
3️⃣ Recent price action shows increased volatility with strong bearish candles
4️⃣ Trading near EMA support - indicate a bounce on the upside possible.
5️⃣ Price structure is bearish in the Hourly tf.
✨ Key Observations:
➡️ Recent -2.61% drop shows aggressive selling.
➡️ Small caps showing relative weakness compared to large caps.
➡️ RRR best near 17,000 round level with tight stops
➡️ Risk Scenario: A break below 17,000 could trigger panic selling towards 16,000.
➡️ Expecting initial bounce attempts from the Dz & EMA
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 Are you tracking any specific smallcap stocks? Share in the comments below! ✌️
🔥 Happy Trading!✅🚀
1️⃣ Price has reached a crucial demand zone.
2️⃣ Price rejected from marked Sz.
3️⃣ Recent price action shows increased volatility with strong bearish candles
4️⃣ Trading near EMA support - indicate a bounce on the upside possible.
5️⃣ Price structure is bearish in the Hourly tf.
✨ Key Observations:
➡️ Recent -2.61% drop shows aggressive selling.
➡️ Small caps showing relative weakness compared to large caps.
➡️ RRR best near 17,000 round level with tight stops
➡️ Risk Scenario: A break below 17,000 could trigger panic selling towards 16,000.
➡️ Expecting initial bounce attempts from the Dz & EMA
⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️
💬 Are you tracking any specific smallcap stocks? Share in the comments below! ✌️
🔥 Happy Trading!✅🚀
注释
Price is reacting as per expectation.
Anubrata Ray ⚡
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