INTC broken floor retest: targeting $95

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INTC broken floor retest: targeting $95INTCUSDTPERP PERPETUAL MIX CONTRACTBITGET:INTCUSDT.P3CommasThe Macro Picture πŸ—ΊοΈ INTC has completed the first wave of its post-parabolic correction β€” price flushed through the $106 horizontal floor and wicked deep into the $95 liquidity pocket before bulls produced a reactive bounce off the deeper level. That sweep cleared out over-leveraged longs and reset oversold momentum, but the broader structure remains intact: lower highs at $135, $130, and $125, with a broken floor now sitting overhead as supply. Price has rallied straight into the underside of the $106 band, and this is where the bear flag either confirms or fails. The Setup βš™οΈ The Support Flip: The $106 level was the structure's last line of defense and has now flipped into overhead resistance β€” the path of least resistance for sellers is to defend this band on the first retest and reject price back into the lower range. The Reaction: The sharp recovery from the $95 sweep low has the shape of a reactive bounce rather than a structural reclaim, with RSI lifting off the oversold zone but still capped below the mid-line β€” momentum has cooled but not reversed. The Trigger: A rejection wick from the $106–$115 band followed by a 1D close back below $106 confirms the bear flag and reopens the path toward the $95 sweep low for a retest, with sell stops sitting just below. The Roadmap: Primary target sits at $95 β€” the white projection traces a shallow relief push into the broken-floor supply followed by a clean rejection back toward the recent sweep low. Invalidation: a sustained 1D close above $115 would invalidate this bearish thesis and reopen the path toward the $125 lower-high band.