$H just broke through the 2-day high of 0.2916 on the 15-minute chart with significant volume. The current price at 0.2851 is above the bullish moving averages. If we can hold the moving average support at 0.2628, we could see a strong trend rally ahead.
Trading Plan - Bullish 📈:
Entry: 0.28512 – 0.28598
Stop Loss: 0.26229
First Target: 0.32044
Second Target: 0.34369
Third Target: 0.37858
Why this setup?
• Volume surged to 2.52 times the average, indicating a clear breakout
• Moving average support at 0.26282; if we drop below this level, we stop out
• RSI at 67.6, momentum is still pushing upwards
• Price has just crossed above the three moving averages, confirming the trend; stop loss below the moving averages
🧠 Market Logic
Currently, short-term buying is very active. Although the price is about 9% away from the moving averages, the 144, 169, and 233 long-term moving averages maintain a strong bullish alignment. Volume has increased by 2.52 times compared to usual, indicating classic capital push, and the bullish structure remains intact.
📌 Key Levels
The first target above is at 0.32044, with stronger resistance at 0.34369. The core defense line below is at 0.2628; as long as we don't break this level, the overall bullish logic remains valid.
⚠️ Risk Points
The current price is already sitting in the 2-day high range. Although momentum is strong, it hasn't reached a fully overheated stage yet. The main concern is the lack of a clear one-sided rally signal, and chasing highs can easily result in a pullback.
👀 What to Watch Next
Don't rush into the market; focus on whether the 15-minute candlestick can hold above 0.2916 and continue to show increasing volume.
⚠️ Technical analysis is for reference only and does not constitute investment advice👇👇👇
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Trading Plan - Bullish 📈:
Entry: 0.28512 – 0.28598
Stop Loss: 0.26229
First Target: 0.32044
Second Target: 0.34369
Third Target: 0.37858
Why this setup?
• Volume surged to 2.52 times the average, indicating a clear breakout
• Moving average support at 0.26282; if we drop below this level, we stop out
• RSI at 67.6, momentum is still pushing upwards
• Price has just crossed above the three moving averages, confirming the trend; stop loss below the moving averages
🧠 Market Logic
Currently, short-term buying is very active. Although the price is about 9% away from the moving averages, the 144, 169, and 233 long-term moving averages maintain a strong bullish alignment. Volume has increased by 2.52 times compared to usual, indicating classic capital push, and the bullish structure remains intact.
📌 Key Levels
The first target above is at 0.32044, with stronger resistance at 0.34369. The core defense line below is at 0.2628; as long as we don't break this level, the overall bullish logic remains valid.
⚠️ Risk Points
The current price is already sitting in the 2-day high range. Although momentum is strong, it hasn't reached a fully overheated stage yet. The main concern is the lack of a clear one-sided rally signal, and chasing highs can easily result in a pullback.
👀 What to Watch Next
Don't rush into the market; focus on whether the 15-minute candlestick can hold above 0.2916 and continue to show increasing volume.
⚠️ Technical analysis is for reference only and does not constitute investment advice👇👇👇
#BTC #ETH $BTC $ETH