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1. Price Action & Candlestick Pattern
Current Price: $104,382.65
Recent High: $104,984.57
The price is testing resistance near the recent high and shows signs of consolidation.
The strong green candles prior indicate bullish momentum.
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2. Bollinger Bands
Upper Band (UP): $104,202.29
Middle Band (MB - 20 MA): $96,755.28
Lower Band (DN): $89,308.27
The price is hugging the upper Bollinger Band – often a sign of strong upward momentum, but also potential short-term overbought condition.
Strategy: Consider taking partial profit or setting a tight stop-loss to lock in gains.
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3. Moving Averages
MA(5): $22,174.75 (Volume MA)
MA(10): $17,991.30 (Volume MA)
Price is well above shorter MAs (bullish trend).
Strategy: Hold long positions while price stays above moving averages.
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4. MACD (Moving Average Convergence Divergence)
DIF (MACD Line): 4103.62
DEA (Signal Line): 3368.72
MACD Histogram: 734.90 (positive)
MACD line is above the signal line, supporting a bullish signal.
Strategy: Good for continuation trades; watch for divergence as a sign to exit.
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5. RSI (Relative Strength Index)
RSI(6): 82.45 (overbought)
RSI(40): 60.74
RSI(60): 57.39
The short-term RSI is in overbought territory (>70), suggesting potential pullback or correction.
Strategy: Ideal time to scale out of long positions or tighten stops.
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6. Volume Analysis
High volume supports the recent price breakout – confirms strength.
Strategy: Monitor for volume drop + reversal candle = exit signal.
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Support & Resistance Levels
Resistance: ~$106,500
Immediate Support: ~$98,781
Key Support Zone: ~$91,619 to ~$84,976
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Summary of Profit Strategy
1. Hold or Add if you already have a long position, but keep stops tight (~1-2% below current price).
2. Partial Profit Booking is wise due to RSI overbought conditions and price near resistance.
3. Wait for Pullback to MA/Support (~$98,781) to re-enter or add.
4. Use trailing stop-loss to protect gains if price continues up.
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