[Market Alert] INITIATE BUYING – Key Indicators Align for a Bullish Move

The current setup suggests this is a strong init buying time. Here's the rationale:

1. RSI Reversal: RSI was previously in the oversold region (<30) and has now bounced back above 40 – a classic early signal of a trend reversal.

2. MACD Bullish Crossover: The MACD line has just crossed above the signal line on the 4H and Daily charts – a strong momentum indicator.

3. Volume Surge: There's a noticeable increase in buy volume, indicating renewed interest and potential accumulation.

4. Support Holding: Price respected a major support zone, forming a double bottom – a historically reliable bullish pattern.

5. News/Market Sentiment: Sentiment is improving with positive macroeconomic news and institutional buying reports adding fuel.

Why buy now?

We’re at the early confirmation stage. Entering here provides a good risk/reward ratio, especially with tight stop-losses just below recent lows.

Remember:

Always use proper risk management.

Set stop-loss below key support.

Scale in gradually instead of all-in.

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