How can I put a bullet point above or below the current line and have the same indent level automatically?

Let’s say I have these bullet points

- First Line
- Second Line
    - Third Line

On the second line I do dd, move down to the third line and do p, the second line gets pasted below with no indent, when I want it to automatically have one indent like the third line. Nothing happens after I do :set autoindent :set smartindent or vice versa for both.

See :h ]p, by default p does not adjust the indentation.

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