💻 $AMD vs INTEL: From My Laptop Processor to Trading the Competitor! 📉
3 days ago, I posted about trading $AMD (the processor running inside my laptop!). Today, I am taking a short trade on its biggest competitor — Intel ($INTC ).
Here is a quick analytical look at why I opened this SHORT position:
📊 Trade Setup & Technical Analysis ($INTC Short)
Trade Position: SHORT (Cross 25x)
Entry Price: $101.50
5m Chart Breakdown: After a sharp drop down to $95.77, the price quickly pulled back up to test resistance around $101.95.
Overextended Move: The short-term upside bounce looks overextended on lower volume, showing signs of buying exhaustion near the local peak ($101.95 - $102.26 zone). Looking for a pullback/rejection from these levels.
Trading tech rivals keeps things interesting! Let’s see how this play unfolds.
What’s your take on $INTC right now — bullish bounce or heading back down? Let me know below! 👇
https://www.binance.com/en/futures/ref/998036095
3 days ago, I posted about trading $AMD (the processor running inside my laptop!). Today, I am taking a short trade on its biggest competitor — Intel ($INTC ).
Here is a quick analytical look at why I opened this SHORT position:
📊 Trade Setup & Technical Analysis ($INTC Short)
Trade Position: SHORT (Cross 25x)
Entry Price: $101.50
5m Chart Breakdown: After a sharp drop down to $95.77, the price quickly pulled back up to test resistance around $101.95.
Overextended Move: The short-term upside bounce looks overextended on lower volume, showing signs of buying exhaustion near the local peak ($101.95 - $102.26 zone). Looking for a pullback/rejection from these levels.
Trading tech rivals keeps things interesting! Let’s see how this play unfolds.
What’s your take on $INTC right now — bullish bounce or heading back down? Let me know below! 👇
https://www.binance.com/en/futures/ref/998036095