“Bullish Setup: Targeting $3,874 After Strong Support Rebound

Current price: $3,782.98

Support zone: $3,664 – $3,700

Resistance target: $3,874

The market is currently trading inside an ascending channel, showing strong bullish momentum.

📈 Bullish Case

Price recently bounced from the support point ($3,664) and has rallied over 5%.

Breakout from the current channel could lead price toward the resistance target at $3,874.

Short-term buyers are active, and momentum favors continuation to the upside.

📉 Bearish Case / Risks

If the price fails to break resistance ($3,874), a pullback toward $3,700 – $3,664 is possible.

Losing $3,664 would weaken the bullish outlook and could trigger deeper corrections.

✅ Trading Plan (from chart context)

Buy zone: Around $3,750 – $3,780 (as marked on chart).

Target: $3,874 (resistance level).

Stop-loss: Below $3,664 (support point).

⚖️ Conclusion: Market is currently bullish and trading close to the buy zone. A breakout above resistance could extend gains, but caution is needed if price drops below the support point.