The 4-hour chart is aligning with a bullish structure, with prices successfully breaking through and stabilizing above the key EMA 99 moving average after forming a higher low. This structural shift indicates that the selling pressure in the larger time frame is weakening, and buyers are beginning to take control of the market.
The current entry timing has a high probability. On the 15-minute chart, prices are retracing from recent highs, testing a dynamic support cluster made up of EMA 25 and EMA 99. This is a textbook 'pullback confirmation' move. The triggering signal is that the 15-minute RSI indicator remains above the 50 midline during this retracement, indicating that bullish momentum is still strong and has not been exhausted due to the pullback. Prices are supported at the key EMA support level, while the RSI confirms the potential continuation of momentum, providing us with a low-risk, high-reward entry point to capture the next upward movement.
Executable trade setup (long position)
Entry: Market price 0.0016708
Take profit 1: 0.001698
Take profit 2: 0.001725
Take profit 3: 0.001770
Stop loss: 0.001649
