#intraday
*Intraday Reversal Setup: BUY Near 56.95, SL 56.83, TP 57.64*
Price dropped from 58.45 at 10 PM to a low of 56.77 around 5:30 AM, forming a clear downtrend. After tagging the red Stop Loss line at 56.83, buyers stepped in and printed a green BUY signal near 56.95. The bounce targets the green Take Profit line at 57.64, roughly 0.69 away. Risk to SL is ∼0.12. From 2 AM to 5 AM price consolidated between 57.15-57.45 before the final flush. A break below 56.83 invalidates the long, while holding above it could see a retrace toward 57.64. Momentum is shifting, but trend is still down until 57.64 breaks.
*Intraday Reversal Setup: BUY Near 56.95, SL 56.83, TP 57.64*
Price dropped from 58.45 at 10 PM to a low of 56.77 around 5:30 AM, forming a clear downtrend. After tagging the red Stop Loss line at 56.83, buyers stepped in and printed a green BUY signal near 56.95. The bounce targets the green Take Profit line at 57.64, roughly 0.69 away. Risk to SL is ∼0.12. From 2 AM to 5 AM price consolidated between 57.15-57.45 before the final flush. A break below 56.83 invalidates the long, while holding above it could see a retrace toward 57.64. Momentum is shifting, but trend is still down until 57.64 breaks.