cscoon

Keeping an eye on $CSCO on the 1H chart.


The volume spike down caught my attention, showing strong selling activity near resistance. Even though RSI and MACD aren't fully bearish yet, the rejection around the upper Bollinger Band makes me cautious.

📉 My current setup:
🔻 Direction: Short
📍 Entry: 117.10
🎯 Target: 116.45
🛑 Stop Loss: 117.45

I'll stay disciplined and keep my risk below 1% on this trade. If buyers reclaim 117.28 with strong volume, I'll step aside and wait for a better opportunity.

Not financial advice—just sharing how I'm reading the chart. Trade smart and always manage your risk.

#CSCOon #stocks #Trading #TechnicalAnalysis #BİNANCESQUARE