Idea: Short Horizon: 1-2 weeks Target 1: 1740.61 Target 2: 1715.24 Target 3: 1688.29 Potential of the idea: 58% Stop order: ≈1911.85
Technical analysis The price is holding at the support level, a strong zone where we are considering a reversal is located below (the area is marked in green). On May 24th, an absorption candle was formed, a short position can be considered during a correction, the main thing is to wait for reversal formations, we do not place limit orders in advance. The RR ratio when reaching Target 1: 1 to 2 After reaching Target 1, we advise moving the stop-loss to breakeven. You can only enter after confirmation on younger time frames. Fundamental analysis After poor PCE indicators, many traders and investors began to factor in a 0.25% interest rate hike in June, which will negatively affect the stock and crypto markets.
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