Current Price: ~127.9
Trend: Short-term bearish to sideways
Key Observations:
Price is below MA(25) ~130 & MA(99) ~133 → overall bearish pressure.
MA(7) ~128 acting as minor resistance.
Recent low formed near 123.6, indicating short-term demand.
Volume is decreasing → no strong momentum yet.
Key Levels:
Support: 126.0 – 123.5
Resistance: 130.0 – 133.5
Trade Setup (Intraday / Short-term):
Buy (Scalp only): 125.5 – 126.0
Target: 129.5 – 130.0
Stop Loss: 123.2
Sell / Short: If price rejects 130 – 131 zone
Target: 126.0 – 124.0
Stop Loss: 133.8
Bias:
➡️ Range-bound with bearish bias until price closes above 130+ on 4H.
Tip: Wait for confirmation (strong candle + volume) before entry.
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