🚀 PIPPIN Long Setup in Focus 📈
Trading Plan:
Bias: Long
Entry: 0.3900 - 0.4100
SL: 0.3500
TP1–TP3: 0.4800 / 0.5050 / 0.5500
Technical Analysis:
The asset exhibits a strong bullish trend on the daily timeframe, with the price trading consistently above key exponential moving averages (EMA-7, EMA-25, EMA-99) and the middle Bollinger Band, which confirms significant upward momentum. The current price action is interpreted as a minor pullback or consolidation phase after reaching a recent high. This presents a potential entry opportunity on a retest of near-term dynamic support, such as the EMA-7. Confirmation for entry would be a decisive bounce from the identified entry zone, signaling a continuation of the established uptrend.
Invalidation:
Only a break below 0.3500 would invalidate the immediate bullish continuation thesis.
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