1 hour/15 minutes trend bullish. The chart has broken through the recent consolidation range, establishing a clear short-term uptrend by making higher highs and higher lows. The price has successfully moved above all key short-term EMAs (7, 25, 99), with the short-term EMA crossing above the long-term EMA (99), confirming a shift in momentum towards the bullish direction.
The direct trigger point for going long is the current pullback. On the 15-minute chart, the price has pulled back near the EMA (25), which is acting as dynamic support, providing a low-risk entry point. Most importantly, during this pullback, the 15-minute RSI has firmly held above the 50 midline after testing. The RSI crossing above and holding the 50 level confirms the dominance of buyers and strong potential bullish momentum.
Entering now is a high-probability trade because we are buying the dip in a newly established uptrend, and the momentum indicators confirm the trend's sustainability. Price action respects the support of key EMAs, allowing us to set a tight stop-loss below the current support structure, thus providing a trading opportunity with a good risk-reward ratio targeting a test of recent highs.
Executable trading strategy (go long)
Entry: Market price 0.1099
Take profit 1: 0.1110
Take profit 2: 0.1130
Take profit 3: 0.1150
Stop loss: 0.1085
