Trend: Potential bullish reversal from key support
Pattern: Consolidation at critical support level, poised for bounce
Key Levels:
· Support: 460.2 (critical) → 392.9 → 354.4 → 300.0
· Resistance: 460.7 → 470.0 → 480.0 → 500.4
LONG SETUP:
· Entry: 459.0 - 462.0 (support zone)
· Stop Loss: 444.0 (below key support)
· Take Profit 1: 465.7 (immediate resistance)
· Take Profit 2: 470.0 (psychological level)
· Take Profit 3: 475.0 (next resistance)
· Take Profit 4: 480.4 (major resistance)
Signal Confirmation:
1. Support Hold: Price holding at 460.2 support with 36+ minutes of consolidation, indicating buyer interest.
2. Volume Analysis: Look for increasing volume on bounce to confirm bullish momentum.
Risk: Medium (Clear support level, but close resistance at 460.7 requires breakout for larger moves. Tight stop loss limits downside.)
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