📊 Chart Summary

Current Price: $699.59

24h High: $707.08

24h Low: $682.67

Recent Trend: Strong upward movement with subsequent downward correction.

Active Moving Averages:

MA(7) ≈ 700.12 (yellow)

MA(25) ≈ 697.86 (pink)

MA(99) ≈ 694.79 (purple)

🔍 Key Observations

Strong upward momentum from $691 to the peak of $707.08.

This movement was accompanied by increasing volume (positive for a breakout).

Currently in a pullback after the high at $707.

The candles are below the MA(7) (indicating short-term weakness).

The MA(25) is acting as a dynamic support near $697.86.

Recent Support Zone: Around $697 - $698

Matches with MA(25) and the closing price of several previous candles.

There is also a volume consolidation in that area.

Immediate Resistance Zone:

$700.12 (MA(7))

$704 - $707 (recent high zone)

🧠 Suggested Strategy for the Next Hour

🟢 Buy Opportunity (LONG):

Suggested Entry: $698.00 – $699.00

Stop Loss: $695.50 (below MA(99) and last support)

Take Profit:

Partial at $703

Complete at $707 (if momentum returns with volume)

Ideal Confirmation: Clear rejection at MA(25) + strong green candle with volume + rising RSI.

🔴 Sell Opportunity (SHORT):

Suggested Entry: $700.50 – $701.00 (if there is clear price rejection at MA(7))

Stop Loss: $703.50

Take Profit:

Partial at $696.00

Complete at $692.00 (previous consolidation zone)

Ideal Confirmation: Bearish engulfing candle at resistance, decreasing volume, and rejection at MA(7).