Trading Signal Summary

Current Price: 2.5753 | Support: 2.5689 | Resistance: 2.5784

Entry Points

Short Entry: Activate if price breaks and closes below 2.5689 (support) with rising volume.

Long Entry: Activate if price breaks and sustains above 2.5784 (resistance) with confirmation.

Stop-Loss Placement

Short Trade: Set stop-loss at 2.5800 (above resistance to account for false breakdowns).

Long Trade: Set stop-loss at 2.5650 (below support to avoid whipsaws).

Take-Profit Targets

Short Trade:

TP1: 2.5600 (near-term support).

TP2: 2.5500 (next psychological level).

Long Trade:

TP1: 2.5900 (previous swing high).

TP2: 2.6000 (major resistance zone).

Key Rationale

MACD Convergence: Neutral signal (MACD and Signal Line at 0.0014), but histogram hints at slight bearish momentum.

Price Action: Consolidation between 2.5689–2.5784; breakout likely to dictate short-term direction.

Risk-Reward: Adjust partial profits at TP1 and trail stops for TP2 to maximize gains.