- RSI is showing divergence. Also it has jumped above 30.
- MACD is showing tripple divergence which is from point a very strong signal.
- ADL line is increasing and reaching new peaks despite falling price indicating the bottom or short term reversal could be near.
- $5800 is a very strong support and should not be easily broken,as shown previously and formation of .
Entry point: current market price
Stop loss: 5700
TP 1: 10000
TP 2: 18000
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