The 4-hour trend is showing signs of a bullish reversal, with prices strongly rebounding from a low of 0.1292, indicating that a bottom may have formed. This macro backdrop supports our search for long opportunities in smaller time frames.
The current trading opportunity appears on the 15-minute chart. After breaking through the key EMA(25) and EMA(99) moving averages, prices are currently undergoing a constructive pullback, testing these moving averages which have now turned into dynamic support. This pullback is an ideal entry point. The triggering signal is the 15-minute RSI indicator, which has consistently remained above the 50 midpoint during the price pullback, indicating very strong bullish momentum, with the pullback serving as a buildup for the next wave of upward movement rather than a trend reversal. Therefore, under the combined effect of the EMA support level and RSI momentum confirmation, entering a long position now has a high probability of success.
Executable trading setup (Long)
Entry: Market price 0.1319
Take profit 1: 0.1330
Take profit 2: 0.1350
Take profit 3: 0.1368
Stop loss: 0.1300
