On the 4-hour chart, we observe the 20 MA crossing above the 60 MA, signaling a bullish trend. However, the Relative Strength Index (RSI) is flashing a warning, as it is in overbought territory, suggesting that the market may be due for a short-term correction or a pause in momentum. This implies that buying at current levels carries higher risk. To manage this, traders might wait for a pullback to key support zones based on Fibonacci retracement levels: 20,890 (23% Fib), indicating minor correction, or 20,700 (38% Fib), signaling a deeper but healthier pullback before entering long positions.
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