4H chart trend is attempting to show a bullish reversal. The price has strongly rebounded after hitting a low of 12.064 and is currently consolidating at a higher level, indicating that the downward momentum has exhausted, and bulls may be regrouping.
The key entry trigger point is on the 15-minute chart. The current price is ranging near the key EMAs (7, 25, 99), showing uncertainty in the short-term direction. The core observation indicator is the 15-minute RSI, which is currently hovering below the midpoint of 50. A high-probability long signal would be **RSI decisively breaking above the 50 level**, marking the formal turn of short-term momentum to bullish. At the same time, the price needs to break through and hold above the EMA99 (around 12.391) resistance level to confirm upward momentum.
The logic for entering now is to capture a potential new round of upward movement above a validated support level (12.064). The current price consolidation can be viewed as an energy accumulation phase before the rise. Once the bullish signals from RSI and EMA are confirmed, the price is likely to break upward, forming a strong rally that allows us to take on a clear risk (below the consolidation area) for potentially significant returns.
Executable trade setup (long)
Entry: Market price 12.355
Take profit 1: 12.55
Take profit 2: 12.70
Take profit 3: 12.85
Stop loss: 12.24
