Based on Fibonacci retracement analysis, the "Sell on Rise" levels are identified at $2421, $2433, and $2445. There is significant weekly support at $2280, with the EMA 36 positioned at $2230. These levels represent strong support and potential buying zones. The last weekly chart formed a "Shooting Star" pattern, reaching a high of $2483. If there is a weekly close above this level, we could anticipate a move towards the $2500 to $2550 range. Currently, the recommended strategy is to sell on the rise.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Market conditions can change rapidly, and individual investment decisions should be based on personal research and risk tolerance. Always consult with a qualified financial advisor before making any investment decisions.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
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