The trend today is bullish, as indicated by a sharp upward move from the recent low of 10.66 to 12.51, with price currently holding around 12.00 (+9.79%). Volume spikes confirm strong buying momentum. Entry Point: A good entry would have been around 10.66–11.00 when the price consolidated with rising volume before the breakout. Maximum Profit: If entered near 10.66, selling at the 12.51 peak would yield a profit of 17.4%. Reasons: Price broke above moving averages (EMA 7, 25, 99). Strong volume confirms bullish momentum. Recent resistance (12.51) acts as a potential take-profit zone.
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The trend today is bullish, as indicated by a sharp upward move from the recent low of 10.66 to 12.51, with price currently holding around 12.00 (+9.79%). Volume spikes confirm strong buying momentum.
Entry Point:
A good entry would have been around 10.66–11.00 when the price consolidated with rising volume before the breakout.
Maximum Profit:
If entered near 10.66, selling at the 12.51 peak would yield a profit of 17.4%.
Reasons:
Price broke above moving averages (EMA 7, 25, 99).
Strong volume confirms bullish momentum.
Recent resistance (12.51) acts as a potential take-profit zone.