Analysis (Weekly Chart)**
1. **Current Price**: \$102,824.01
2. **Recent High**: \$109,588
3. **Recent Support**: \~\$91,494
4. **200-week MA**: Not shown, but the 50-week MA is at **\$79,242.99**, acting as dynamic support.
5. **Trend**: Strong **uptrend** continuation after a minor correction.
6. **Volume**: Reasonable volume visible; no divergence apparent from this snapshot.
7. **Price Structure**:
* **Higher highs and higher lows** structure continues.
* Price recovered after a pullback from \$109,588.
* Currently testing overhead resistance around \$104,000 (24h high).
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### **Intraday Trading Signal (Short-Term Scalping or Day Trade)**
Given the macro trend is bullish and price is recovering toward previous highs, the strategy will be a **long (buy) intraday trade** on a breakout.
#### **1. Entry Point**
* **Aggressive Entry**: \$103,200 (above minor resistance of \$103,000)
* **Conservative Entry**: \$104,400 (confirmation breakout above 24h high of \$104,361)
#### **2. Stop-Loss**
* Place below the last intraday swing low or local support:
* **SL**: \$101,500 (below minor consolidation zone and psychological support)
#### **3. Take-Profit Targets**
* **TP1**: \$106,800 (previous resistance near upward wicks)
* **TP2**: \$109,000 (near previous weekly high)
* **TP3 (optional)**: \$111,000–\$114,000 (blue sky breakout continuation if strong momentum)
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### **Risk-Reward Ratio (Approx.)**
* **Aggressive Entry**:
* Risk = \~\$1,700
* Reward (TP2) = \~\$5,800
* **RRR** = \~1:3.4
* **Conservative Entry**:
* Risk = \~\$2,900
* Reward (TP2) = \~\$4,600
* **RRR** = \~1:1.6
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### **Trade Summary**
* **Direction**: Long (Buy)
* **Trend**: Strong uptrend
* **Momentum**: Positive, with potential breakout
* **Volatility**: High (requires tight monitoring intraday)
* **Risk**: Use position sizing to control exposure due to current price volatility.