$INTCB
is trading around $60.14, down 3.14% in 24 hours. The current weakness makes resistance particularly important. I'm watching the $61–$61.60 region because a failed recovery could give sellers another opportunity. If price loses $59, the next support zones become important. However, a strong move above resistance could invalidate the bearish setup. I don't want to predict blindly. I'll let price action show whether sellers still control this market.
Support: $59 / $57.80
Resistance: $61.20 / $62.50
Entry: $61–$61.60 (Short)
TP1: $59.50
TP2: $58.20
TP3: $56.80
Stop Loss: $63
Pro Tip: Wait for a rejection candle around resistance before entering
is trading around $60.14, down 3.14% in 24 hours. The current weakness makes resistance particularly important. I'm watching the $61–$61.60 region because a failed recovery could give sellers another opportunity. If price loses $59, the next support zones become important. However, a strong move above resistance could invalidate the bearish setup. I don't want to predict blindly. I'll let price action show whether sellers still control this market.
Support: $59 / $57.80
Resistance: $61.20 / $62.50
Entry: $61–$61.60 (Short)
TP1: $59.50
TP2: $58.20
TP3: $56.80
Stop Loss: $63
Pro Tip: Wait for a rejection candle around resistance before entering