📊 $INTC (Intel) [1H] :
Bounce off Support or Start of Capitulation?
The 2 Scenarios:
The 1-hour chart shows that INTC (+4.89%) is going through a correction phase after hitting a local peak at $118.30.
The price has landed right on its purple MA99 ($111.71).
A crucial technical level where buyers and sellers are battling for control.
🔴 Bearish Scenario:
Support Break and Reversal
The Why:
After the bullish impulse, the price is creating lower highs in the short term.
The price has clearly broken below the yellow MA7 ($112.95).
The momentum has significantly deteriorated:
the MACD (0.17) shows green histograms in sharp contraction approaching the zero line, and the RSI(6) has dropped to 49.19.
If the purple MA99 ($111.71) gives way in an hourly close, the bullish trap will be validated.
The Short Plan:
Entry if an hourly candle closes below $111.50.
SL: $113.50 (above the MA7)
TP:
$109.61 (test of the pink MA25) ➔ $105.47
🟢 Bullish Scenario:
Technical Bounce off the MA99
The Why:
The purple MA99 ($111.71) acts as a dynamic support floor.
The price shows signs of stabilization at this level.
Moreover, the Stochastic RSI has significantly relaxed to reach the neutral zone (40.44), indicating that the asset has purged much of its overheating and has the fuel to bounce back if buyers defend this zone.
The Long Plan (Buy on signal):
Entry if an hourly candle shows a clear rejection of the lows and moves back above $113.10 (re-entry into the MA7).
SL: $110.80 (just below the MA99 and the last wicks)
TP: $115.70 ➔ $118.30 (Last peak)
💡 Sniper Advice:
Don’t trade in the fog at $111.92. Let the current hourly candle close to see if the MA99 holds or breaks!
Do your own research (DYOR).
Bounce off Support or Start of Capitulation?
The 2 Scenarios:
The 1-hour chart shows that INTC (+4.89%) is going through a correction phase after hitting a local peak at $118.30.
The price has landed right on its purple MA99 ($111.71).
A crucial technical level where buyers and sellers are battling for control.
🔴 Bearish Scenario:
Support Break and Reversal
The Why:
After the bullish impulse, the price is creating lower highs in the short term.
The price has clearly broken below the yellow MA7 ($112.95).
The momentum has significantly deteriorated:
the MACD (0.17) shows green histograms in sharp contraction approaching the zero line, and the RSI(6) has dropped to 49.19.
If the purple MA99 ($111.71) gives way in an hourly close, the bullish trap will be validated.
The Short Plan:
Entry if an hourly candle closes below $111.50.
SL: $113.50 (above the MA7)
TP:
$109.61 (test of the pink MA25) ➔ $105.47
🟢 Bullish Scenario:
Technical Bounce off the MA99
The Why:
The purple MA99 ($111.71) acts as a dynamic support floor.
The price shows signs of stabilization at this level.
Moreover, the Stochastic RSI has significantly relaxed to reach the neutral zone (40.44), indicating that the asset has purged much of its overheating and has the fuel to bounce back if buyers defend this zone.
The Long Plan (Buy on signal):
Entry if an hourly candle shows a clear rejection of the lows and moves back above $113.10 (re-entry into the MA7).
SL: $110.80 (just below the MA99 and the last wicks)
TP: $115.70 ➔ $118.30 (Last peak)
💡 Sniper Advice:
Don’t trade in the fog at $111.92. Let the current hourly candle close to see if the MA99 holds or breaks!
Do your own research (DYOR).