$USUAL
Indicators
1. Bollinger Bands: Price is near the upper band, signaling overbought conditions.
2. MACD: Bullish crossover; upward momentum confirmed.
3. SAR (Stop and Reverse): Bullish; price trends above SAR dots.
4. Average Volume Levels (AVL): Significant volume increase supports bullish sentiment.
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Market Depth
Bid Support: Strong near $1.1800, suggesting buyers are prepared to defend this level.
Ask Resistance: Sell orders concentrated near $1.2200.
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Trading Strategy
1. For Buyers:
Entry: Accumulate near $1.1800–$1.2000 (current range).
Target: $1.2200–$1.2500 (resistance and potential breakout levels).
Stop Loss: Below $1.1500 to manage downside risk.
2. For Sellers:
Entry: Short positions near $1.2200 if the price struggles to break above.
Target: $1.1800–$1.1600.
Stop Loss: Above $1.2500 to avoid losses on breakout.
3. For Swing Traders:
Trade between $1.1500 (support) and $1.2200 (resistance).
Use oscillators like RSI to time positions.
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