* **Current Price:** \$8.274
* **24h Change:** +16.00% (Strong bullish momentum)
* **24h High:** \$8.682
* **24h Low:** \$7.012
* **MA60 (Moving Average 60):** \$8.299
* **Volume Today:** Relatively high with some green candles (buyer activity)
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### ๐ **Technical Indicators Observed**:
1. **EMA & MA Signals**:
* Price is **slightly below MA60** (\$8.299), indicating mild resistance.
* Shorter MAs (e.g. MA5 and MA10) are fluctuating near current price, suggesting recent consolidation.
2. **Volume**:
* High green volume bars recently = buyer interest.
* Consistent volume supports possible continuation of the trend.
3. **Price Action**:
* Sharp dip followed by a recovery (V-shaped bounce).
* Reversal visible in the lower part of the chart.
4. **Trend**:
* Medium-term uptrend (7โ90 day EMA shows strong gains).
* Long-term still down (180-day and 1-year performance negative).
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### โ **Trade Signal**: **Buy (Short-Term)**
* This is a **short-term bullish signal** supported by volume, recent bounce, and 24h upward momentum.
* The current price is still within a discount zone below the MA60.
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### ๐ฏ **TP & SL Levels**:
| Parameter | Value | Rationale |
| --------------- | -------- | ---------------------------------------------------------------------- |
| **Entry Price** | \~\$8.27 | Current market value. |
| **TP1** | \$8.68 | 24h High โ good first take profit level. |
| **TP2** | \$9.00 | Psychological resistance + potential continuation if momentum remains. |
| **SL** | \$8.00 | Below recent support levels. Cuts loss early if bounce fails. |
> Risk-to-Reward Ratio (TP1\:SL) = 0.41 : 0.27 โ **1.5:1**, which is reasonable for a momentum trade.
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### ๐ง **Strategy Tips**:
* **Conservative Approach**: Sell partial at TP1 and trail stop-loss for TP2.
* **Aggressive Traders**: Hold toward TP2 if momentum continues past MA60 (\$8.299).
* Watch for **price rejection at \$8.30โ\$8.40**, as it's a potential resistance zone. $BTC
