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1. Current Price: $16.05, showing a 15.47% increase.
2. 24h High/Low: $16.55 / $13.81, indicating high volatility.
3. Moving Averages: MA(7) at $15.63 and MA(25) at $14.96 suggest short-term bullish momentum as the price is above these MAs.
4. Volume Surge: High trading volume on the recent price spike implies strong buying interest.
5. Resistance Level: The 24h high at $16.55 serves as immediate resistance.
6. Support Level: $14.97 (MA(25)) and $14.50 (MA(99)) are key support levels.
Long Trade Entry: Consider entering around $15.80 if price finds support above the MA(7) with a target at $16.55.
Short Trade Entry: Enter around $16.50 if there’s rejection at the resistance, targeting $15.00.
Stop-Loss Levels:
For long trades, set a stop-loss around $15.30.
For short trades, stop-loss can be set around $16.75.
This analysis suggests short-term setups based on the 15m chart, and traders should watch for breakouts or rejections around the resistance and support areas.
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