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🔎 Quick Technical Analysis (Based on the chart):
1. Current Price: 3,329.4
2. Moving Averages:
MA5: 3,328.7 (just below current price)
MA10: 3,329.4 (equal to current price)
MA30: 3,330.6 (above)
MA60: 3,327.8 (below)
3. Recent Candle Pattern:
A strong bullish green candle has formed after a drop.
The last red candle may indicate the end of the pullback.
4. Volume: There’s a slight rise in green volume bars, indicating early buyer interest.
5. Previous Resistance: ~3,335.5
6. Support Level: Around 3,327.0 (aligned with MA60 and recent wick)
✅ Recommendation:
📈 LONG (BUY) Trade Setup
Reason:
Price bounced from MA60 (3,327.8), showing support.
Green candle shows buying pressure.
You’re near a minor support zone.
If price breaks and holds above MA30 (3,330.6), more bullish confirmation.
🎯 Entry: 3,329 – 3,330 (where it is now)
🛑 Stop-Loss: Below 3,327 (tight SL)
🎯 Take-Profit:
TP1: 3,335
TP2: 3,340
TP3: 3,345 (if momentum is strong)