The daily/4-hour chart trend is bullish, with the current price undergoing a healthy pullback and consolidation in a higher time frame's uptrend. This structure provides an ideal backdrop for finding entry points for trend continuation on lower time frames.
The main entry trigger signal comes from the 15-minute chart. The price is consolidating below the key EMA(25) and EMA(99) moving averages, indicating that momentum is building. The decisive trigger point is the 15-minute RSI indicator, which is currently struggling around the 50 midline. Once the RSI can strongly break above and hold above the 50 line, it will signify the exhaustion of bearish momentum and the re-entry of bullish strength. At this point, entering long is a high-probability trade, conducted after confirming that the short-term momentum shift aligns with the bullish trend in the higher time frame, with the goal of capturing the breakout after the consolidation ends.
Immediately executable trade setup (Long)
Entry: Market price 0.10916
Take profit 1: 0.1100
Take profit 2: 0.1114
Take profit 3: 0.1129
Stop loss: 0.1079
