The 4H trend is showing strong bullish momentum after breaking out of a prolonged consolidation phase. The price has decisively pushed above the EMA7 and EMA25, which have now crossed, signaling a potential shift in the short-to-medium term trend. This upward thrust is confirmed by the 4H RSI which is trading well above 60, indicating that buyers are in control.
The trigger for this setup is the sustained momentum on lower timeframes. On the 1H and 15m charts, the RSI is likely in overbought territory, but any pullback that sees the RSI find support near the 50 level would present a high-probability continuation signal. Entering now is based on the logic that the recent breakout has enough strength to test the next major resistance level, the EMA99, which has capped the price for over a month. We are trading with the newly established momentum, targeting this key moving average as a magnet for price.
Actionable Setup Now (LONG)
Entry: market at 3.627
TP1: 3.704
TP2: 3.869
TP3: 4.050
SL: 3.490
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