1. Entry Point: 104,855

This is where the trader plans to enter a short position (sell).

Price is slightly below this level at the moment (103,775).

2. Stop-Loss Zone: ~104,807

Highlighted in purple above the entry.

Indicates where the trader will exit if the market moves against them to limit losses.

3. Resistance Point: 103,086

This level has been tested multiple times and may act as a ceiling for prices.

If broken and held, it might invalidate the short setup.

4. Target Point: 93,159

This is the take-profit level for the short trade.

Represents a drop of approximately -10.76% from the entry point.

5. Trend Analysis:

The chart shows an uptrend leading into a potential distribution or topping pattern near the resistance zone.

A potential bearish move is anticipated, hence the short strategy.

6. Support Zones:

Highlighted in purple near the target area (around 93,159).

Historically strong buying areas.

Interpretation:

The trader expects the current resistance level to hold, prompting a downward correction toward the target zone at 93,159. If price moves above 104,807, the setup is invalidated, hence the stop-loss placement.

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