đź•° Weekly Overview:
Price held firm at a key weekly support zone last week, suggesting buyers are stepping in to defend the level.
📉 Daily Chart Explanation:
Sellers have lost momentum, and recent candles show signs of bullish pressure beginning to emerge. This could indicate a potential shift in market sentiment.
⏱ 4H Chart Explanation:
Price has clearly broken above the descending trendline and reclaimed the 50EMA with strong momentum. If price retraces into the discounted zone, it may offer a favorable long opportunity.
đź“Ś Plan:
Bias: Bullish
Entry: Wait for retracement to discounted zone (near broken trendline or 50EMA) and look for price action confirmation
Targets:
TP1: Recent high in 4h
TP2: Next resistance in weekly
Invalidation: Break below 4H structure and EMA50
Price held firm at a key weekly support zone last week, suggesting buyers are stepping in to defend the level.
📉 Daily Chart Explanation:
Sellers have lost momentum, and recent candles show signs of bullish pressure beginning to emerge. This could indicate a potential shift in market sentiment.
⏱ 4H Chart Explanation:
Price has clearly broken above the descending trendline and reclaimed the 50EMA with strong momentum. If price retraces into the discounted zone, it may offer a favorable long opportunity.
đź“Ś Plan:
Bias: Bullish
Entry: Wait for retracement to discounted zone (near broken trendline or 50EMA) and look for price action confirmation
Targets:
TP1: Recent high in 4h
TP2: Next resistance in weekly
Invalidation: Break below 4H structure and EMA50
Trade attivo
Switch to sell side. I will wait for it to switch to buy side before looking for any long position.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilitĂ
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.