### **Cotton No. 2 Futures (CT1!) - Bullish Divergence & Trade Setup**
(**Not Financial Advice**)
#### **📌 Key Observations:**
- **Bullish Divergence**: RSI is making higher lows while price is making lower lows → Indication of **potential reversal**.
- **Support & Resistance Levels**:
- **Support:** 🟢 **65.73** (Major Demand Zone)
- **Resistance Levels:**
- **67.29 - 67.44** (First Resistance Zone)
- **68.17 - 68.40** (Strong Resistance, possible reaction area)
- **84.60** (Key Liquidity Area, Major Resistance)
#### **🎯 Short-Term Bullish Targets (TP Levels)**
1️⃣ **67.36 - 67.44** → First Take Profit (Minor resistance, watch for reactions)
2️⃣ **68.40** → Strong resistance, key breakout level
3️⃣ **94.60** → Major liquidity zone (long-term target if momentum builds)
#### **🔹 Trade Setup Consideration:**
- **Entry:** Around current price action if it holds above support.
- **Stop-Loss (SL):** Below **61.73** to manage risk.
- **Confirmation:** Price closing above 67.44 would strengthen bullish case.
Would you like a risk-management strategy for this trade? 🚀 (**Not Financial Advice**)
(**Not Financial Advice**)
#### **📌 Key Observations:**
- **Bullish Divergence**: RSI is making higher lows while price is making lower lows → Indication of **potential reversal**.
- **Support & Resistance Levels**:
- **Support:** 🟢 **65.73** (Major Demand Zone)
- **Resistance Levels:**
- **67.29 - 67.44** (First Resistance Zone)
- **68.17 - 68.40** (Strong Resistance, possible reaction area)
- **84.60** (Key Liquidity Area, Major Resistance)
#### **🎯 Short-Term Bullish Targets (TP Levels)**
1️⃣ **67.36 - 67.44** → First Take Profit (Minor resistance, watch for reactions)
2️⃣ **68.40** → Strong resistance, key breakout level
3️⃣ **94.60** → Major liquidity zone (long-term target if momentum builds)
#### **🔹 Trade Setup Consideration:**
- **Entry:** Around current price action if it holds above support.
- **Stop-Loss (SL):** Below **61.73** to manage risk.
- **Confirmation:** Price closing above 67.44 would strengthen bullish case.
Would you like a risk-management strategy for this trade? 🚀 (**Not Financial Advice**)
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
