$PSG (4H) Range Recovery Long

Bias: Bullish

Entry Zone: $1.070 - $1.095

Targets:

TP1: $1.140

TP2: $1.190

TP3: $1.260

Stop Loss: $1.030

Why this Setup:

PSG appears to be stabilizing after a prolonged correction phase, with price now reclaiming momentum from the higher timeframe support region near $1.00. On the 4H structure, the market has shifted from impulsive selling into gradual accumulation, while buyers continue defending every retracement.

The important detail here is the compression forming beneath resistance. Multiple candles are holding strength around the same range instead of collapsing back toward the lows usually an early sign that sellers are losing control.

If bulls force a breakout above the current consolidation zone, the move could expand quickly toward the previous recovery highs.

Right now, the chart favors continuation as long as the higher low structure remains intact.