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✅ 4-hour frame trend analysis
● Last week’s bottom near 4996 was a temporary bottom.
● Thereafter, a sustained rebound structure emerged.
● The price returned above MA10 and MA20, and the short-term moving averages began to diverge upward.
● The price returns above the middle line of the Bollinger Bands; support is near 5135, and resistance is near 5200.
● Last week’s bottom near 4996 was a temporary bottom.
● Thereafter, a sustained rebound structure emerged.
● The price returned above MA10 and MA20, and the short-term moving averages began to diverge upward.
● The price returns above the middle line of the Bollinger Bands; support is near 5135, and resistance is near 5200.
📌 4-hour frame summary:
The market is currently in a post-recession recovery structure.
If the price breaks above 5180-5200, the continuation of the rebound on the 4-hour frame will be confirmed.
✅ Hourly frame (1H) trend analysis
● The price has recently stabilized near the bottom of 5050.
● This is followed by a series of bullish candles that form gradually higher lows.
● The order of moving averages MA5 > MA10 > MA20 indicates a bullish arrangement and the price is trading above it.
📌Table frame summary:
The short-term structure is gradually bullish in volatility, and the bullish momentum still exists.
🔴Resistance
● 5180 – 5200 (short term resistance)
● 5230 – 5250 (structural resistance)
● 5310 – 5330 (4-hour frame key resistance)
🟢Support
● 5150 – 5130 (short-term support)
● 5100 – 5080 (structural support)
● 5050 (last bottom)
🎯 Trading strategy reference
🔰 Selling strategy (sell at resistance level)
👉 Entry 1: 5200 – 5180
👉 Entry 2: 5250 – 5230
🎯Target 1:5140
🎯Target 2: 5100
📍Logic:
Although the 4-hour frame is in a retracement structure, the price is approaching the previous resistance area, which may lead to a short-term technical correction.
🔰 Buying strategy (buy on pullback)
👉Registration: 5130 – 5140
🎯Target: 5180 – 5200
📍Logic:
The bullish hourly structure continues and a pullback towards moving average support could push prices higher again.
⚠️Risk Management
If the price can break through 5200 on the hourly chart (1H) and the trading volume increases and holds above, the rebound structure will be strengthened and the price may test 5230-5250.
Failure to do so could see the price move back to test the support area of 5130-5100.
