Trade Signal: Trade Type: Long (Buy) Entry Point: Around $2,629.070 (current level) Target: $2,756.693 (primary target) Stop Loss: $2,600.362 (below the nearest support) Risk-Reward Ratio: Favorable (approximately 1:3 based on chart)
Analysis: Current Price: The price is at $2,628.675 as indicated. Support Level: $2,600.362 appears to be the immediate support zone. Resistance Levels: $2,667.217 (closer resistance) $2,720.541 $2,757.960 Potential Upside: The chart projects a possible upward movement towards $2,756.693 with a 4.85% increase in about 10 days. Volume Profile: The visible volume suggests higher trading activity around the lower levels, indicating accumulation. Momentum Indicator (SQZMOM_LB): The green histogram implies building bullish momentum.