Chart Update: 1-Day Time Frame
Current Price: $108,670
24h High: $109,684
24h Low: $107,903
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๐ Technical Indicators:
MA7: $108,269 โ Price is above โ
MA25: $106,276 โ Price is well above โ
MA99: Also below current price โ
โ Price is trading above all major moving averages โ a strong bullish sign.
RSI: 57.6 โ Above neutral, but not overbought.
โ Market is in balance โ healthy trend.
MACD: Bullish crossover confirmed โ
โ Momentum favors the bulls.
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๐ Bullish Outlook (Long Setup):
Entry Zone: $108,200 โ $108,600
Target 1: $109,680
Target 2: Breakout towards $111,280
Stop Loss: $107,300 (based on daily candle close)
๐ Summary:
With price holding above key MAs and a MACD crossover, the setup favors a long position. RSI shows room for further upside without being overbought.
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๐ Bearish Scenario (Short Setup):
Only consider a short if:
Daily close falls below $107,300 ๐ป