The daily/4-hour trend is showing signs of a bullish reversal after experiencing a significant decline. The price has found solid bottom support around 0.003556 and has begun entering a consolidation phase, indicating that the bearish momentum is waning and the market may be forming a bottom.
The key trigger point for entry is on the 15-minute chart. The current price is challenging the EMA(25) moving average, while the 15-minute RSI indicator is attempting to **cross above 50** neutral level. Once the RSI successfully stays above 50, it will confirm that short-term momentum has shifted from bearish to bullish. Additionally, if the price can break through and hold above EMA(99) (around 0.003690), it will further strengthen the bullish signal.
Entering now is a high-probability trade, as we are trying to catch the early rebound after the end of the downtrend. The consolidation range formed after the price bounced from the low can be seen as accumulation behavior. With the exhaustion of bearish forces, the likelihood of bulls regaining control is increasing. Setting a stop-loss below the recent structural low provides a good risk-reward ratio for the trade, with the target being to recover some of the recent losses.
Actionable operations (go long)
Entry: Market price 0.003631
Target 1: 0.003690
Target 2: 0.003780
Target 3: 0.003880
Stop-loss: 0.003550
$XNY
