The Daily and 4H trends are decisively Bullish, characterized by a powerful, high-momentum uptrend. Price is trading significantly above all key EMAs (7, 25, 99), which confirms strong buyer control and indicates that these moving averages will act as dynamic support on any pullbacks. The current price action represents a healthy consolidation after making a new local high.
The trigger for a high-probability entry is forming on the lower timeframes. We anticipate the 1H RSI, after this brief pullback, to find solid support at the 50 midline and begin crossing back above it. This action would signal that the short-term bearish pressure has been absorbed and the dominant bullish trend is resuming. Price is currently coiling above the faster EMAs on the 1H/4H charts, setting up a classic trend continuation pattern. Entering now is logical as it capitalizes on buying a minor dip within a parabolic upward move, offering a favorable risk-to-reward for a push towards new highs.
Actionable Setup Now (LONG)
Entry: market at 0.42514
TP1: 0.4950
TP2: 0.5500
TP3: 0.6200
SL: 0.3780
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