✅ Bullish Factors:
1. MACD Bullish Divergence:
· MACD (714.3) is positive and above the zero line, indicating bullish momentum.
· DIF (1,314.6) is higher than DEA (-2,029.0), suggesting upward trend acceleration.
2. RSI Approaching Oversold Rebound Zone:
· RSI(6) at 42.4 is below 50 but not yet oversold (<30). This could indicate a potential bounce if buying pressure returns.
3. Price Above EMA(7):
· Last price (89,861) is below EMA(7) (91,089) but relatively close, suggesting possible support near short-term moving average.
4. Mark Price Higher Than Last Price:
· Mark Price (89,868.3) is slightly above Last Price, which can indicate underlying bullish sentiment in derivatives.
5. Recent Price Resilience:
· Price is holding above the 24h low (89,288) and is consolidating, showing potential support.
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⚠️ Cautions (Mixed Signals):
· Price Below Key EMAs: Still below EMA(25) and EMA(99), indicating medium/long-term bearish structure.
· 24h Trend: Still down from high (93,547), so overall trend remains corrective.
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📈 Bullish Outlook Summary:
The market shows short-term bullish momentum signs (MACD positive, RSI near bounce zone), but needs to break above EMA(7) (~91,089) and EMA(25) (~92,142) for a stronger bullish reversal confirmation.
Next Key Resistance:
· 91,089 (EMA 7)
· 93,547 (24h High)
Trade Idea (if bullish):
Consider long if price breaks & holds above 90,500 with rising volume, targeting 92,000–93,500. Stop loss below 89,200.
