The 4-hour chart trend is showing signs of a bullish reversal after experiencing a decline, with prices forming a potential bottom structure near key support levels.
On the 15-minute chart, we saw a clear entry trigger signal. The RSI indicator has decisively crossed above and maintained above the 50 midline, indicating that short-term buying momentum is strengthening, and market sentiment has shifted from bearish dominance to bullish. At the same time, prices are challenging and attempting to break through the key dynamic resistance level of EMA(99). The short-term moving average EMA(7) has crossed above EMA(25), forming a smaller-scale golden cross, providing further confirmation for the upward movement.
The logic for entering long now is that we are capturing an early stage of a potential trend reversal. Prices began to rebound after finding support around 1.262, coupled with the RSI breaking above 50 and the bullish signal from the EMA system, indicating that the downward momentum has exhausted, and a new round of upward movement may be about to unfold. This is a high-probability setup, as multiple technical indicators point in the same direction, and the stop-loss position is relatively clear.
Executable entry strategy (Long)
Entry: Market price 1.277
TP1: 1.300
TP2: 1.320
TP3: 1.350
SL: 1.258
