Current general trend: Short-term bullish
✅ Positive indicators:
1. The recent candles show strong upward movement with three consecutive green candles and high trading volume.
2. The price has broken above important moving averages:
MA 7 = 106,266
MA 25 = 105,613
MA 99 = 105,818
Current price = 107,534, which is above all these averages, indicating a bullish signal.
3. Potential golden cross: The 7 moving average crosses above the 25 moving average, supporting the continuation of the upward trend.
4. Buying momentum is strong according to the "Order Book" bar below:
Buying ratio: 91.67% vs Selling: 8.33%.
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🟥 Important resistance areas (may temporarily hinder the rise):
107,784: Highest peak in 24 hours (close to the current price, may slightly retrace from here).
109,084 to 110,786: Expected higher resistance levels if the rise continues.
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🟨 Important support areas:
105,600 – 105,800: Area of convergence for moving averages, initial support.
102,664: Previous strong low representing major support.
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📈 Expectation for the next four hours:
As long as the price remains stable above 105,800, the likely trend is: continuing to rise towards 108,500 - 110,000.
If the price fails to break above 107,800, we may witness a temporary correction towards the first support at 105,800.
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🛠️ Technical recommendation (not investment advice):
Short-term trade (4 hours):
Entry: Between 106,800 – 107,200 (if a slight correction occurs).
Target: 108,800 – 110,000
Stop loss: Break below 105,500 with a 4-hour candle.
