### Current Market Overview:
- Price: $5.926
- 24H High/Low: $6.100 / $5.631
- Moving Average (MA60): $5.912 (Price is slightly above MA, suggesting bullish momentum).
- Volume: Increasing volume indicates stronger market participation.
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### Long Trade Setup:
- Entry Point:
Enter long if the price breaks above $6.10 with good volume confirmation.
- Take Profit (TP):
- TP1: $6.30 (first resistance zone).
- TP2: $6.50 (major resistance level).
- Stop Loss (SL):
Set at $5.80, below the recent low.
- Trade Duration:
Hold for 1-3 days unless price momentum sustains above $6.50, where you can extend duration.
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### Short Trade Setup:
- Entry Point:
Enter short if the price breaks below $5.63 with high volume.
- Take Profit (TP):
- TP1: $5.40 (nearby support).
- TP2: $5.20 (next strong support).
- Stop Loss (SL):
Set at $5.95, slightly above current levels to minimize loss if reversal happens.
- Trade Duration:
Hold for 1-2 days unless the price strongly breaches $5.20.
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### If Signals Turn Against You:
- Long Position:
- Exit immediately if the price closes below $5.80.
- Avoid entering new positions until clear bullish confirmation.
- Short Position:
- Exit immediately if the price closes above $5.95.
- Reassess if the price re-tests $6.10 with rejection.
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### Additional Notes:
1. Watch Volume Trends: A breakout (long or short) is valid only if accompanied by high volume.
2. Monitor indicators like RSI or MACD for overbought/oversold signals.
3. Set alerts for breakout levels to react swiftly.
