Recommendation:
For Day Traders (Short-term):
The best current strategy: Wait for a clear reversal signal.
If a reversal candle (such as: Pin bar or Bullish engulfing) forms near 94,200, a quick buy can be initiated with a stop loss below 94,000.
Quick target: 94,800 – 95,200.
For Medium/Long-term Investors:
There are currently no strong entry signals, but a pullback to the 93,000–92,000 area is considered a good buying opportunity if reached.
Gradual entry (DCA) is a safe option if you intend to hold long.
Quick analysis:
RSI at 29.20 = Entry in oversold territory → Close probability of a bullish rebound.
Current price is below all moving averages (EMA 50, 99, 200) → A negative signal in the short term.
Consecutive bearish candles with low trading volume → Indicates weakness in the current selling momentum.
Nearby support: 94,200 – If broken, we may see further decline.
Nearby resistance: 94,600 - 94,900.