The current price is $1,828.48 with a 3.50% increase, indicating buyer dominance. The price is hovering near the 24-hour high ($1,842.99), strengthening the possibility of an upward trend.
**Technical Indicators:** - **EMA:** EMA(7) > EMA(25) > EMA(99), signaling a short-to-medium-term bullish trend. - **RSI(6):** 62.99 (below 70), not overbought, suggesting room for further upside. - **MACD:** DIF (0.85) > DEA (0.09), a positive crossover indicating bullish momentum. - **Volume:** High trading volume (899.77M USDT), supporting the trend.
**Risks:** - EMA(99) being lower long-term raises questions about sustainability. - If RSI crosses 70, profit-booking pressure may emerge.
**Conclusion:** Short-to-medium-term **market bias is bullish**. A breakout above the 24h high resistance ($1,842.99) could target $1,850–$1,860. Set stop loss near $1,815 (EMA 25 level).
The price is currently near EMA(7)=13.65 and EMA(25)=13.71, but still well below EMA(99)=14.16.
The recent low was $13.30, and the price has bounced back to a resistance zone.
3. RSI(6): 61.07
Slightly high (not overbought yet, but close).
If the price gets rejected here, RSI divergence may form, indicating a downward move.
4. MACD:
MACD = 0.03, DIF = -0.08, DEA = -0.11
A weak bullish crossover is forming, but it doesn’t indicate a strong uptrend yet.
5. Volume:
Volume is not increasing, suggesting the upward movement lacks strength.
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Short Sell Plan (Based on "Somo sam Real-Time Style"):
Entry Zone: $13.68 - $13.75 (Short entry on EMA25 rejection) Stop Loss: $13.85 (recent resistance and possible fake-out zone) Targets:
TP1: $13.50
TP2: $13.30
TP3: $13.10 (if it breaks the previous low)
Special Note: If the price closes a 15m candle above $13.85, the short setup becomes invalid, and an uptrend may begin.
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This trade offers a good risk/reward ratio since the short is placed near resistance. Would you like me to save this as part of the "Somo sam Real-Time Study"
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