DE40 – Buy the Dip Near Support & EMA Confluence

Trade Idea

• Type: Buy Limit
  
• Entry: 24,171
  
• Target: 24,555
  
• Stop Loss: 24,039
  

Duration: Intraday
Expires: 06/06/2025 07:00

Technical Overview

• Intraday dips continue to attract buyers, reinforcing the strength of the ongoing uptrend.
  
• Price action is consolidating near all-time highs, with former resistance at 24,170 now acting as support.
  
• The 20-period 4H EMA sits at 24,162, reinforcing this level as a dynamic support zone.
  
• With no technical signs of exhaustion, the strategy is to buy into weakness, aiming for a breakout continuation toward 24,555.
  

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