It remains to be seen if it can rise above the 59029.0 point by following the uptrend line (7).
If it falls, you need to make sure you get support at 54122.5-55828.0.
If you decline in the 54122.5-55828.0 section, you will need a short Stop Loss.
However, you need to trade carefully as you can move up after touching the 48214.0-50752.0 section or the uptrend line (8).
If it falls between 38225.0-40600.0, you need Stop Loss to preserve profit and loss.
(1W chart)
The explanation of the secondary indicator below changes when the candle is closed, so you should first check the price and volume changes.
It remains to be seen if the OBV center line on the volume indicator can rise above 102.168B and maintain it.
In particular, we have to watch the green increase.
On the wRSI_SR indicator, we must see if the RS line can rise by 50 or more.
We need to see if the CCI line rises on the CCI-RC indicator.
If it falls, you need to make sure you get support at 54122.5-55828.0.
If you decline in the 54122.5-55828.0 section, you will need a short Stop Loss.
However, you need to trade carefully as you can move up after touching the 48214.0-50752.0 section or the uptrend line (8).
If it falls between 38225.0-40600.0, you need Stop Loss to preserve profit and loss.
(1W chart)
It remains to be seen if the OBV center line on the volume indicator can rise above 102.168B and maintain it.
In particular, we have to watch the green increase.
On the wRSI_SR indicator, we must see if the RS line can rise by 50 or more.
We need to see if the CCI line rises on the CCI-RC indicator.
[Example of exchange chart setup]
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/
(Binance)
www.tradingview.com/x/S94aDxa8
(Upbit)
www.tradingview.com/x/DF6cGh3G/