4H trend is bullish, with prices rebounding strongly from a key demand zone, forming higher highs and higher lows, indicating that market structure is shifting towards a bullish stance.
The main entry trigger signal comes from the 15-minute chart. We can see that the 15-minute RSI has decisively broken and maintained above the 50 midpoint, with the current reading around 60, indicating strong bullish momentum in the short term. Additionally, prices have broken above all key EMA moving averages (7, 25, 99), and these moving averages have begun to form a bullish arrangement, currently acting as dynamic support.
The logic for entering long now is based on a momentum continuation strategy. Against the backdrop of bullish signs in higher time frames, the lower time frame (15 minutes) has confirmed the initiation of the trend. Prices are undergoing slight consolidation above the EMA after the breakout, providing a low-risk entry point to capture the next wave towards recent highs. The strong performance of the RSI further confirms that buying pressure is increasing, raising the probability of trade success.
Executable trade setup ([Long])
Entry: Market price 4.537
Take profit 1: 4.62
Take profit 2: 4.68
Take profit 3: 4.75
Stop loss: 4.47
