ServiceNow (NOW) Trade Plan (1-Hour)

$NOW ‌#SummerCreationCamp
Current Price: 98.77
Market Structure
NOW has rebounded strongly from 91.54, indicating buyers have regained short-term control.
Price is trading above the MA5 and MA10 and is testing the MA30, which acts as immediate resistance.
MACD has turned bullish with a positive crossover, suggesting upward momentum is building.
A break above the MA30 could trigger another leg higher.
Pullback Buy Setup
Entry Zone: 97.50–98.20
Stop Loss: 95.50
Take Profit
TP1: 100.50
TP2: 103.00
TP3: 106.00
Breakout Strategy
Buy only if a 1-hour candle closes above 99.20 with strong volume.
Entry: 99.30–99.70
Stop Loss: 97.50
Targets:
TP1: 102.00
TP2: 105.00
TP3: 108.00
Bearish Scenario
If 95.50 fails to hold:
First support: 93.50
Major support: 91.50
Risk Management
Risk only 1–2% of your trading capital per trade.
Take partial profits at TP1 and move the stop loss to breakeven.
Wait for a confirmed breakout or a pullback into support rather than chasing the current rally.
Bias: Moderately bullish. Holding above 95.50 keeps the recovery intact, while a breakout above 99.20 could extend the move toward 102–108.