📆 Weekly Overview:
Price is sitting at a strong weekly support zone and has held this level for several weeks. Buyers have continued to defend this zone, showing potential for a rebound.
📉 Daily Chart:
The daily structure is temporarily bullish, although price is still trading below the daily EMA. This suggests there is room for upside, but caution is needed until momentum shifts fully in favor of the bulls.
⏱ 4H Chart:
4H structure shows a clear break above the EMA with a strong momentum candle 🚀. This is the first signal that buyers are stepping in, possibly marking the start of a trend reversal.
📌 Plan:
Price is sitting at a strong weekly support zone and has held this level for several weeks. Buyers have continued to defend this zone, showing potential for a rebound.
📉 Daily Chart:
The daily structure is temporarily bullish, although price is still trading below the daily EMA. This suggests there is room for upside, but caution is needed until momentum shifts fully in favor of the bulls.
⏱ 4H Chart:
4H structure shows a clear break above the EMA with a strong momentum candle 🚀. This is the first signal that buyers are stepping in, possibly marking the start of a trend reversal.
📌 Plan:
- Bias: Bullish
- Entry: Wait for 4H retracement to discounted zone and confirmation of bullish structure (e.g., higher low + strong bullish candle)
- Targets: Next daily resistance zone / swing high
- Invalidation: Break below recent 4H swing low and 50EMA
Note
No discounted price, no entry.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.