Quick Technical Analysis:
Current Price: $1776.99
Short-Term Trend: Attempting to rise after a bounce from support at $1752.
Moving Averages:
EMA 50 = 1786.46
EMA 99 = 1796.27
EMA 200 = 1806.35
The price is still below all these moving averages, indicating that the overall trend is still bearish, but there is an attempt to break out.
RSI (6) = 61.28
This means the momentum is good currently, but it has not yet entered the overbought zone (>70).
Support and Resistance Levels:
Strong Support: $1752 (tested and the price bounced off it).
First Resistance: 1786 (close to EMA50).
Stronger Resistance: 1806 (EMA200).
Recommendation (not financial advice):
If you are a short-term trader:
Entering now carries slight risk as the price is close to the EMA50 resistance, so it is better to wait for a clear breakout confirmation above 1786–1790 with good trading volume.
If the price breaks above 1806 and holds, this gives a stronger bullish signal.
If you are a long-term investor:
Levels 1750–1780 may be good buying areas, provided to split the entry into stages to reduce risk.