📉 $FLEX — Short Setup | Rejection Near $94 Could Trigger a Pullback 🔻
SHORT 🔴
📍 Entry Zone: $93.80–$94.30
🛑 Stop Loss (SL): $95.20
🎯 Take Profit Target: $91.50
📉 Market Analysis:
FLEX has rebounded sharply from the $76 zone and surged to $93.95 on the 4H chart. Momentum remains strongly bullish, but price is now approaching a key resistance area near the previous high of $94.30.
This zone could attract profit-taking and trigger a short-term pullback. However, because the broader move is strong, wait for a clear rejection near $94 before considering the short. Confirmation could include a failed breakout or a bearish reversal near resistance.
If price breaks above $94.30 with strong momentum, avoid forcing the short trade. A confirmed breakout could lead to further upside instead of the expected pullback.
🔑 Key Levels:
- Resistance: $94.00–$94.30
- Entry Zone: $93.80–$94.30
- Downside Target: $91.50
- Invalidation: $95.20
⚠️ Risk Note: This is a countertrend short against strong bullish momentum. Wait for confirmation, calculate your position size carefully, and respect the stop loss.
Bearish bias only if resistance produces a clear rejection. 📉
Sell and Trade $FLEX here 👇
DYOR.
SHORT 🔴
📍 Entry Zone: $93.80–$94.30
🛑 Stop Loss (SL): $95.20
🎯 Take Profit Target: $91.50
📉 Market Analysis:
FLEX has rebounded sharply from the $76 zone and surged to $93.95 on the 4H chart. Momentum remains strongly bullish, but price is now approaching a key resistance area near the previous high of $94.30.
This zone could attract profit-taking and trigger a short-term pullback. However, because the broader move is strong, wait for a clear rejection near $94 before considering the short. Confirmation could include a failed breakout or a bearish reversal near resistance.
If price breaks above $94.30 with strong momentum, avoid forcing the short trade. A confirmed breakout could lead to further upside instead of the expected pullback.
🔑 Key Levels:
- Resistance: $94.00–$94.30
- Entry Zone: $93.80–$94.30
- Downside Target: $91.50
- Invalidation: $95.20
⚠️ Risk Note: This is a countertrend short against strong bullish momentum. Wait for confirmation, calculate your position size carefully, and respect the stop loss.
Bearish bias only if resistance produces a clear rejection. 📉
Sell and Trade $FLEX here 👇
DYOR.
