Post
--Bullish
Potential Reversal $B3
Multi-timeframe analysis on B3/USDT shows the possibility of a short-term reversal. On the daily timeframe, the market structure still tends to be bearish with a lower high and lower low pattern. However, selling pressure is starting to weaken.
On the H4 timeframe, prices are beginning to show signs of a change of character (CHoCH) after stopping the formation of lower lows and bouncing from the demand area. This indicates that buyers are starting to enter and maintain that level.
Meanwhile, on the H1 to M15 timeframes, bullish signals such as morning star and bullish engulfing are appearing along with an increase in volume. This combination often signifies the presence of short-term accumulation before prices move up.
If bullish momentum continues, prices have the potential to move towards the liquidity area around 0.00034 – 0.00037.
For traders considering a long position, the current demand area could be a potential entry zone. An ideal stop loss can be placed below the main support around 0.00030 – 0.00031 to anticipate the possibility of a breakdown in structure. 📊
#USNoKingsProtests #B3
Multi-timeframe analysis on B3/USDT shows the possibility of a short-term reversal. On the daily timeframe, the market structure still tends to be bearish with a lower high and lower low pattern. However, selling pressure is starting to weaken.
On the H4 timeframe, prices are beginning to show signs of a change of character (CHoCH) after stopping the formation of lower lows and bouncing from the demand area. This indicates that buyers are starting to enter and maintain that level.
Meanwhile, on the H1 to M15 timeframes, bullish signals such as morning star and bullish engulfing are appearing along with an increase in volume. This combination often signifies the presence of short-term accumulation before prices move up.
If bullish momentum continues, prices have the potential to move towards the liquidity area around 0.00034 – 0.00037.
For traders considering a long position, the current demand area could be a potential entry zone. An ideal stop loss can be placed below the main support around 0.00030 – 0.00031 to anticipate the possibility of a breakdown in structure. 📊
#USNoKingsProtests #B3