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The price surged to around 2148 then pulled back, currently oscillating around 2110. The moving averages are in a bullish alignment, MACD momentum is sufficient, and the overall uptrend remains unchanged. The pullback here looks more like a wash-out move by major players ahead of key resistance levels.
2148 serves as short-term strong resistance, and repeated tests are normal. It requires time to digest previously trapped positions and floating chips. As long as the core support zone from 2100 to 2095 is not effectively broken below, the bullish structure remains intact.
For friends already holding positions, you can consider reducing some exposure near resistance levels to lock in profits while keeping a core position to play for a breakthrough at 2148 resistance. Once successfully broken above, the next target can be around 2180.
For those in cash looking to enter, avoid chasing the highs at current levels. A more prudent strategy is to patiently wait for price to retest the support zone from 2100 to 2095, then consider scaling in with a staggered approach. Set stop-loss orders below 2080.
It's worth noting that if price fails to break above 2148 after multiple attempts, you should consider exiting and watching from the sidelines to protect profits.