Entry Zone: $60.80–$62.20
Stop-Loss: $64.00
TP1: $58.85
TP2: $56.80
TP3: $54.80
Market Analysis:
INTC is showing strong bearish momentum, with price trading below key moving averages. RSI is deeply oversold, so chasing the downside carries additional risk. A corrective bounce into the $60.80–$62.20 resistance zone could offer a better short opportunity if sellers regain control. The $58.85 area is the first important downside level.
Invalidation: A sustained daily close above $64.00 cancels this short setup.
Risk Management: Wait for bearish confirmation, manage position size carefully, and avoid entering during sharp volatility.
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