🔎 Chart Analysis
4H Chart (Short-Term):
Price touched $35.81 and pulled back to around $33.6.
Support: $32.8 zone is holding strong.
Resistance: $34.5 – $35.
Buyers are slowing down, but demand is still visible at lower levels.
1D Chart (Mid-Term):
Strong rally recently, now in correction phase.
Support: $32 – $31.5 zone.
Resistance: $35 – $36.5 zone.
If support holds, price may bounce again.
1M Chart (Long-Term):
Huge fall from $147 → $25–30 zone, now recovering slowly.
Current zone $33–$35 is crucial.
If it sustains, upside toward $40+ is possible.
---
📊 Trading Strategy
For Long (Buy):
Entry:
Safe entry: $32.0 – $32.5 (support area)
Aggressive entry: Around $33.5 – $33.6 (current level, partial buy)
Targets:
Short-term: $35 → $36.5
Mid-term: $40 – $42
Stop Loss: $31.5 (if daily close below this, exit long).
---
For Short (Sell):
Entry: If price goes back up to $35.5 – $36.5 and rejects.
Targets: $33.0 – $32.5
Stop Loss: Above $37.
---
✅ Conclusion
Current situation: A small long position is possible now at $33.5, but safer buy is near $32 support.
If it rallies to $35–$36 and rejects, a short trade is possible.
Long-term investors can accumulate in the $30–$32 zone for a potential move back toward $40+.