Key Levels and Setup
🔑 KEY LEVELS
· Target: 4,580
· Pivot (Key Support/Entry Zone): 4,470
· Support: 4,428
📈 OUR PREFERENCE
Long positions above 4,470
· Primary Target: 4,550
· Extension Target: 4,580
The trade is valid as long as price holds above the pivot level. A break above 4,550 opens the path toward 4,580.
⬇️ ALTERNATIVE SCENARIO
Break below 4,470 shifts bias to bearish.
· Next Supports: 4,428, then 4,405
A close below 4,470 suggests weakening momentum and could trigger a pullback toward the mentioned supports.
📊 TECHNICAL COMMENT
· RSI is showing mixed to bullish signals, supporting the case for upward momentum if the pivot holds.
· The structure remains constructive above 4,470, aligning with the near-term bullish outlook.
🧠 TRADE PLAN
1. Entry: Consider long entries on bullish reactions near 4,470, with a stop below 4,428.
2. Targets: Scale out at 4,550 and 4,580.
3. Invalidation: A sustained break below 4,470 negates the long setup and suggests a move toward 4,428/4,405.
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