The trend on the 4-hour chart is bullish, completely consistent with the short-term strong dynamics on the 15-minute chart. After a strong V-shaped reversal from the key low of 0.26452, a clear upward structure has been established. Currently, the price is steadily operating above the bullishly aligned EMA (7, 25, 99) moving averages, which form a strong dynamic support.
The trigger point for trading is on the 15-minute chart. The RSI indicator remains consistently stable above the 50 boundary, showing strong buyer control. The current RSI is around 70, indicating very strong upward momentum. Throughout the upward movement, the fast EMA(7) and EMA(25) provide continuous dynamic support for the price, with each slight pullback becoming a buying opportunity.
Therefore, the current entry is based on the continuity of existing momentum trading. The price is undergoing a brief consolidation in a strong upward trend, closely running along EMA(7), which is a sign of energy accumulation before the next wave of upward movement. As long as the price remains above the key EMA support and the RSI does not fall below 50, there is a high probability that the upward trend will continue.
Actionable Setup Now (LONG)
Entry: market at 0.43179
TP1: 0.4550
TP2: 0.4750
TP3: 0.5000
SL: 0.4080
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