#ReboundRally
Support and Resistance Analysis
Nearest Support:
EMA(200) at 680 and EMA(365) at 657.72.
Nearest Resistance:
Recent high at 717.11.
If this level is broken, the uptrend may continue.
How to enter orders according to the trend
Buy Order (Long):
Scenario 1: Wait for the price to break the resistance level of 717.11 and close a candle above this zone. Place a buy order with a higher target (e.g., 740).
Scenario 2: If the price adjusts to support zones such as 680, wait for a rebound signal (strong green candle or other indicators) to enter the order.
Stop Loss:
Set the stop loss below the nearest support area, such as 675.
Sell Order (Short):
Only consider when the price strongly breaks below 680 and the EMA starts to slope downwards.