$INTC is retesting a major supply zone, and the recent recovery is showing signs of losing momentum as sellers begin to step back in.
Trading Plan: Short $INTC
Entry: 94.2–96.5
SL: 105
TP1: 92.0
TP2: 89.0
TP3: 86.0
The latest rebound has pushed price directly into a resistance area where selling pressure appears to be increasing. Buyers are struggling to maintain the recovery above the current structure, while downside liquidity remains exposed beneath the recent lows.
If this supply zone continues to hold and buyers fail to reclaim higher levels, $INTC could rotate lower toward the next liquidity zones. Manage risk carefully and avoid overleveraging.
DYOR.
Trading Plan: Short $INTC
Entry: 94.2–96.5
SL: 105
TP1: 92.0
TP2: 89.0
TP3: 86.0
The latest rebound has pushed price directly into a resistance area where selling pressure appears to be increasing. Buyers are struggling to maintain the recovery above the current structure, while downside liquidity remains exposed beneath the recent lows.
If this supply zone continues to hold and buyers fail to reclaim higher levels, $INTC could rotate lower toward the next liquidity zones. Manage risk carefully and avoid overleveraging.
DYOR.