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· Strong bullish move in recent candles, but the latest candle is showing a pullback or indecision (small body with wicks).
2. Bollinger Bands (20,2):
· Upper Band (UB): 8.43 – acts as resistance.
· Middle Band (BOLL): 8.30 – dynamic support.
· Lower Band (LB): 8.18 – near-term support.
· Price is hovering close to the upper band, suggesting a potential overbought condition in the short term.
3. SAR (Parabolic Stop and Reverse):
· SAR dots are below the price, confirming the uptrend.
· The latest SAR level is 8.39, which is above the current price — this could indicate trend weakening or a potential pullback if price closes below it.
4. Volume & Momentum:
· The chart doesn’t show volume bars, but the 24h turnover is 1.41M USDT, indicating moderate activity.
· The +5.68% move suggests bullish momentum, but traders should watch for exhaustion.
Key Levels:
· Resistance: 8.43 (UB), 8.44 (recent high on chart)
· Support: 8.30 (middle BB), 8.18 (lower BB), 7.91 (previous swing low)
Outlook:
· Short-term: The price is testing the upper Bollinger Band. A rejection here could lead to a pullback toward 8.30–8.18.
· If bullish momentum continues and price breaks above 8.44, the next target could be 8.60+.
· SAR watch: If price drops below 8.39, consider a short-term bearish shift.
Trade Consideration:
· Bullish: Wait for a break and close above 8.44 with volume.
· Bearish/Cautious: Look for a reversal candle near 8.43–8.44 or a break below 8.39 (SAR) for a potential short-term dip.