$CBRSB is trading near a key resistance area after a sharp recovery, but upside momentum has started to fade. Price is struggling to establish higher highs, increasing the probability of a short-term pullback before the next directional move. Unless buyers reclaim resistance with strong volume, sellers have a slight edge.
Trade Plan (SHORT Setup)
Entry: $225.50 – $227.50
Stop Loss: $233.00
TP1: $219.00
TP2: $212.00
TP3: $205.00
Strategy
Wait for confirmation through a rejection candle or a breakdown below nearby support before entering. Avoid chasing the move if price is already extended. If $CBRSB closes above $233.00 with strong volume, invalidate the short setup and reassess.
Bias: 🔴 Bearish (Short-term) — while price remains below $233.00, the risk favors a corrective move lower.
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Trade Plan (SHORT Setup)
Entry: $225.50 – $227.50
Stop Loss: $233.00
TP1: $219.00
TP2: $212.00
TP3: $205.00
Strategy
Wait for confirmation through a rejection candle or a breakdown below nearby support before entering. Avoid chasing the move if price is already extended. If $CBRSB closes above $233.00 with strong volume, invalidate the short setup and reassess.
Bias: 🔴 Bearish (Short-term) — while price remains below $233.00, the risk favors a corrective move lower.
click here to trade 👇🏻
#USSolarStocksRisePremarket