In the first setup, the idea was based on price reaching a strong support zone around 69.6k. The market briefly moved below this level, likely triggering stop-loss orders on long positions. This type of move is often referred to as a liquidity sweep, in which the market extracts liquidity from below support before moving in the opposite direction. After that sweep, the price quickly recovered and started showing strong bullish momentum. During the move up, there was a small pullback that provided a logical entry for a long position. The stop loss was placed below the support zone to protect against further downside, while the target was set near the previous resistance around 71.3k, where the price was expected to react.

For the second setup, the logic is based on what happened when the price reached the 71.3k–71.5k resistance area. At this level, the market showed a strong rejection with a large upper wick, indicating that sellers stepped in and buyers started taking profits. After a strong upward move, the market often pulls back to rebalance the move. Additionally, there is an imbalance area below around 70.3k, created because the price moved very quickly through that region without much consolidation. Markets frequently revisit such areas to fill the imbalance. Because of this, the plan is to look for a short opportunity near the resistance zone, keeping the stop loss above the recent high, and targeting the imbalance area below as a potential take-profit zone. This approach follows the common market behavior of rejecting resistance and retracing after an aggressive upward move.

Planning for short now
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