As previously highlighted, the critical weekly support zone has demonstrated validated strength. Price action has indeed respected this level, establishing a firm base and initiating a bullish momentum shift over recent sessions.
Our active long signal is now approaching its first take-profit (TP) target. Given the confirmed strength of the rebound from the major support, we anticipate this initial target will be achieved.
Looking ahead, the potential for extended gains remains contingent on volume confirmation. A significant and sustained increase in buying volume would indicate stronger market participation and conviction, likely fueling a more robust and prolonged uptrend toward higher-timeframe resistance levels.
DISCLAIMER: ((trade based on your own decision))
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