Support Level: Focus on 60EMA (around 4192) and 24h low (4152.57). If it holds, a short-term rebound can be played; if it breaks below effectively, be wary of a drop to 120EMA (4104).
Resistance Level: The first target for a rebound is the short-term moving averages (20/30EMA, 4213-4217). Breaking through these will regain an upward momentum.
Action Strategy:
Conservative: Wait for the price to pull back to support and show a stop-loss signal (such as a bullish engulfing pattern, RSI golden cross), then enter long.
Aggressive: If the price quickly recovers the 60EMA, a small position can be taken to try long, with a stop loss set below 4152.
