Sideways Consolidation & Breakout Strategy
📌 Key Observations:**
- **Sideways Market:** Price is consolidating between **561.43 (support)** and **585.96 (resistance)**.
- **Bullish Momentum Indicators:**
- **RSI Divergence:** Bullish signal indicating potential upside.
- **MACD Crossover:** Suggests an uptrend could gain strength.
- **Volume Profile:** High volume resistance around **607.20**.
#### **🎯 Short-Term Targets (If Price Remains in Range):**
1️⃣ **568.67 - 569.22** → First minor resistance (watch for rejection).
2️⃣ **573.75 - 585.96** → Major range resistance.
#### **🚀 Breakout Scenario (If Price Breaks Above 585.96):**
- **Next Targets:**
- **607.20** → Strong liquidity level.
- **621.15** → Major resistance & profit-taking zone.
#### **🔹 Trade Considerations:**
- **Entry:** Inside consolidation, targeting minor resistance levels.
- **Breakout Entry:** After strong close above **585.96**.
- **Stop-Loss (SL):** Below **561.43** to manage risk.
Would you like a trailing stop strategy to **lock in profits**? 🚀 (**Not Financial Advice**)
