🛑 Signal: Sell on Pullback MYM1! 🔹 Sell Zone: 43,910 (Key pullback resistance level) 🔹 Stop-Loss: 43,980 (Above recent high to manage risk) 🔹 Take Profit: 43,800 (First target), 43,760 (Extended target)
📊 Technical Analysis:
Pullback Resistance: Price approaching 43,910, a key level of prior rejection where sellers stepped in. Trend Continuation: Market remains bearish on lower timeframes; pullbacks provide shorting opportunities. Confirmation: Look for bearish signals such as rejection wicks, engulfing candles, or declining volume at 43,910 before entering short. ⚠️ Strategy:
Wait for a retest of 43,910 and signs of reversal. Use tight risk management with the stop above 43,980. Take partial profits at 43,750 and trail stops for further downside. MYM1!