15-Minute Chart:
Trend: Short-term bearish.
Price has fallen below the 7 MA (342.66) and 25 MA (341.51).
MACD shows a bearish crossover with negative histogram bars.
Support/Resistance:
Immediate support: 330.53.
Resistance: 350.71.
Action: Momentum is weakening. If you’re looking for short trades, monitor whether the support at 330.53 breaks.
1-Hour Chart:
Trend: Bearish, with consolidation.
Price is hovering around the 7 MA (340.91), failing to break above the 25 MA (340.82) and well below the 99 MA (358.54).
MACD shows bullish momentum weakening, suggesting a possible retracement.
Support/Resistance:
Support: 330.53.
Resistance: 344.05, then 358.54.
Action: Shorting is still viable unless there’s a clear breakout above the 25 MA. A break below 330.53 can confirm further downside.
4-Hour Chart:
Trend: Pullback in progress.
Price is holding below the 7 MA (346.27), indicating a lack of bullish strength.
MACD shows bearish divergence, with momentum declining.
Support/Resistance:
Immediate support: 330.53.
Resistance: 354.78.
Action: Watch for confirmation. If bearish momentum persists, a short position targeting 330.53 is reasonable.
1-Day Chart:
Trend: Medium-term pullback.
The price is near the 25 MA (322.33), which could act as support.
MACD shows bearish momentum increasing, with the signal line diverging downward.
Support/Resistance:
Support: 322.33, then 300.00.
Resistance: 354.78, then 400.00.
Action: If the price breaks the 25 MA, a bearish continuation is likely. Otherwise, a rebound could test the 7 MA at 346.27.
Recommendation:
Short Position:
Take short positions if:
330.53 support breaks (short-term targets around 322.33 or lower).
Resistance at 342.00–346.00 holds.
Long Position:
Consider longs if:
Price reclaims and sustains above 354.78, confirming bullish momentum.
A clear bounce from 322.33 support occurs with increasing MACD strength.
Stop-Loss:
For shorts: Above 346.50.
For longs: Below 330.00.
