▲ 1 r/Daytrading
Until 7168 breaks, every dip is a potential reload. Here's why:
- 2-week uptrend intact
- Overnight: ATH (7208.5) → pullback to VWAP (~7190)
- Now compressing inside value
This is trend digestion — not distribution.
Key Levels
- 7200–7208.5 → ATH supply (for now)
- 7190–7191 → VWAP / POC (fair value magnet)
- 7170–7172 → VPOC / ONL (dip-buy zone)
- 7168 → bull/bear line for the week
What the market is likely doing
- Long gamma = suppressed volatility
- Uptrend = directional bias
Translation:
Range intraday, but higher timeframe wants higher
Best Plays (Aligned with Trend)
Buy dips (primary edge):
- 7185 → VWAP
- 7170–7172 → strongest support
- 7168 → highest conviction long
Shorts:
- Only at 7200–7208.5
- Scalp only (counter-trend)
Breakout scenario:
- Acceptance above 7200+ → trend continuation
- Then switch to pullback longs
u/Feisty_Bend_6785 — 18 days ago