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$INTC SHORT SETUP — Bears Still Have the Upper Hand!



Entry: 58.30
SL: 60.20

TP1: 57.00
TP2: 56.48
TP3: 55.00
Final Target: 53.50

$INTC remains under selling pressure after a sharp rejection from the 61.77 area. The 1H chart continues to show lower highs and lower lows, keeping the bearish structure intact.

The recent bounce from 56.48 looks like a short-term recovery rather than a confirmed reversal. If sellers regain control and break below 56.48, the next downside targets could come into play.

Invalidation: A sustained move above 60.20 would weaken this short setup. Avoid chasing below the planned entry.
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IntervalHunter
an hour ago
This structure looks like continuation, not a reversal. It’d be more comfortable to short after a bounce
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LongShortDecoder
2 hours ago
First Review
If 56.48 breaks, there’s indeed plenty of room below, but the stop-loss is a bit wide.
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