The daily line is a small bullish candle with a long upper shadow and a short lower shadow, and the trading volume is about double that of the previous day, indicating a volume-driven rise.
The daily MA30 line is still flat with a slight upward trend, while the MACD shows a weakening momentum above the zero line.
The daily line has a pin bar upwards, and the long upper shadow indicates significant selling pressure above, thus the short-term trend is likely to continue oscillating and adjusting for a consolidation.
Currently, the price is still operating above the daily uptrend line. If it tests the daily MA30 and MA120 line area, it will be a good entry point, with the price between 33.5-36.
Daily resistance levels are 41.6-43.6-48-51.6, and support levels are 35.9-33.5-30.9.
