- Price is now trading above the 20-day and 50-day SMAs, which suggests bullish momentum continuation.
- Immediate support lies around $2,400–$2,500, near the 20-SMA and recent swing lows.
- Resistance is near the $2,800–$2,850 zone, which is a previous high from the current range.
- The recent candles are small-bodied, suggesting low volatility and indecision, typical before a breakout.
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