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Commemorative$STI ETF(ES3.SG)- Rebound Trade Setup
Heavy selling pressure pushed price down to ~4.83 (-2%+), closing near the day’s low.A rebound to ~4.906 followed indicating early recovery from oversold levels.
Key Levels: 4.90 ~ 4.93 = Decision zone
Breakout signals upside continuation, while rejection may lead to another pullback
Despite the bounce, the overall structure remains weak, with price now testing key resistance confirmation is still needed
Confirmation is key to trading
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