Current situation:
- Price: $96,702.70 (+2.13%)
- 24h range: $94,145.4 – $97,700.0
- Volumes: High (18.27 billion USDT)
- Indicators:
- RSI(6): 67.4 (approaching overbought)
- MACD: Positive (21.4), but the histogram is weak.
Levels to watch:
- Support:
- $96,700 (current price)
- $94,145 (minimum 24h)
- $93,886 (next support level)
- Resistance:
- $97,700 (maximum 24h)
- $99,035.9 (next resistance level)
Scenarios and actions:
1. Bullish scenario (breakout above resistance):
- If the price consolidates above $97,700 with increasing volume, consider entering a long position with a target of $99,035.
- Stop-loss: $96,700 (below current price).
2. Bearish scenario (rebound from resistance):
- If the price cannot break $97,700 and starts to decline, a pullback to $94,145 is possible.
- Enter short on confirmation of reversal with a target of $94,145.
- Stop-loss: $97,800 (above resistance).
3. Consolidation in the range of $96,700 – $97,700:
- Trade from levels: buy at support, sell at resistance.
- Reduce position size due to potential volatility.
Recommendations:
- RSI: Approaching 70 (overbought), which may limit growth.
- Volumes: High volumes support the current trend but require caution.
- News: Keep an eye on macroeconomic events that may impact the market.
Risk management:
- Do not risk more than 1-2% of capital on a trade.
- Use stop-losses to protect against sharp movements.
Plan update:
- Review levels and indicators in 4 hours or on significant price changes (±2%).
Summary: Today may be volatile. Key points of interest — $97,700 (resistance) and $94,145 (support). Trade strictly by levels with risk management.
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