- Weekly candles forming higher highs and higher lows, indicating a bullish trend. - Currently testing weekly bottom support. - However Daily chart showing trend and EMA reversal, suggesting a potential short-term correction.
Dilemma:
- Should we buy now, given the bullish weekly trend? - OR wait for daily EMA reversal off weekly EMA?
Possible solution is to watchout:
- for a break of the previous week's low may provide clarity. - Alternatively, if the price holds above the previous low, to rally to 104k.
Trading Idea: - Consider playing the 94k-104k range for a potential bounce. - Alternatively, wait for a daily EMA reversal before entering a long position.