Bank of America (BAC) Scalping StrategyBank of America CorporationBATS:BACLucanInvestor🔥 Market Overview: Trend: Short-term consolidation, overall bearish bias. Key Levels: Resistance: $44.10, $44.50 Support: $43.70, $43.30 Indicators: EMA9 below EMA200 → Bearish trend still in play. MACD near zero → No strong momentum, market indecisive. RSI at 48.87 → Neutral, no strong divergence. Risk of Short Squeeze? Low—only if price breaks $44.10. Market Maker Activity: Weak accumulation, still under resistance. 🔥 Scalping Strategy: 🩸 1. Momentum Scalping (If Breakout Above $44.10) Buy near: $44.10 Target: $44.50 Stop-loss: $43.90 Risk-to-Reward: 1:2 🩸 2. Range Scalping (If Price Holds $43.70 - $44.10) Buy near: $43.70 Sell near: $44.10 Stop-loss: $43.50 Profit Potential: ~1.2% 🩸 3. Breakout Scalping (If Below $43.70) Short below: $43.70 Target: $43.30 Stop-loss: $43.90 Risk-to-Reward: 1:3 🔥 Mid-Term Trend Forecast (1-3 Weeks): If $44.10 holds, BAC could push towards $44.50 - $45.00. If $43.70 fails, expect a drop to $43.30. 🔥 News & Market Context: Bank of America released a $585B Euro Medium-Term Note prospectus → Neutral impact. Stock closed flat today → No significant buying or selling pressure. Earnings in 48 days → No major catalyst in the short term. 👑 Trade Rating (1-10): Range Scalping: 6/10 (Market is slow, needs breakout). Momentum Long Above $44.10: 7/10 (Breakout setup, but weak momentum). Short Below $43.70: 9/10 (Best risk-reward setup). 🔥 Decision: 🩸 Short-term Play: Range scalping $43.70 - $44.10 until a breakout. 🩸 Mid-term Play: Break above $44.10 = long; below $43.70 = short. 🩸 Ideal Play: More downside risk—short setup is stronger. 👑 Final Verdict: Weak price action, better for short plays. 🔥 LucanInvestor's Quote: "A market that hesitates is a market ready to fall."