The daily/4-hour trend is turning bullish, with prices showing a strong V-shaped reversal after reaching a low of 0.1214. It has currently broken through and is stabilizing above all key EMAs.
On the 15-minute chart, a clear upward trend has formed. Prices are steadily rising along the short-term EMA (7) and EMA (25), which are currently acting as dynamic support levels and forming a bullish alignment. This is a strong short-term bullish signal.
The current trigger point is the 15-minute RSI indicator. It has long since broken above the 50 level and is currently stabilizing in the area above 60, confirming the dominance of buying momentum. As long as the RSI remains above 50, upward momentum is highly likely to continue. The logic for entry is to capture the continuation of this confirmed upward trend. After a brief consolidation, prices are showing signs of breaking upward again, which presents a high-probability opportunity to trade in the direction of momentum, with an ideal risk-reward ratio.
Actionable Setup Now (LONG)
Entry: market at 0.1324
TP1: 0.1360
TP2: 0.1385
TP3: 0.1400
SL: 0.1295
