The 4-hour chart and daily trend are bullish, with prices forming a series of higher highs and higher lows above the long-term moving average. After a sharp spike up to 0.7600, the price successfully found support near the key EMA 99 support level (purple line), indicating potential buying strength and resilience in the uptrend.
The entry trigger point comes from the 15-minute chart. Prices are consolidating narrowly above the EMA 25 (yellow line) and EMA 99, which is a healthy pullback after a strong rally. The key signal is that the 15-minute RSI is attempting to break above the 50 midpoint. A successful breakout would signal the return of bullish momentum, providing an early trigger point for entry. Since we are in a confirmed strong uptrend, buying on dips, and the price is supported at key dynamic moving average support levels, this trade has a high probability of success. The consolidation phase is building energy for the next wave up, and the RSI trigger signal indicates that this movement may be about to begin.
Executable trading strategy (long)
Entry: Market price 0.4797
Take profit 1: 0.5350
Take profit 2: 0.5950
Take profit 3: 0.7400
Stop loss: 0.4490
$pippin
