It seems that a double bottom is forming, the previous bottom has been preserved, and an order block has formed, which has been broken to the upside. Additionally, a key level passes through this area.
On the chart, we also have a bullish CH (Change of Character). If the trigger line is broken, it will provide further confirmation for a bullish move.
As long as the demand zone holds, the price can move toward the targets.
However, the closure of a 4-hour candle below the invalidation level would invalidate this analysis.
Do not enter the position without capital management and stop setting
Comment if you have any questions
thank you
On the chart, we also have a bullish CH (Change of Character). If the trigger line is broken, it will provide further confirmation for a bullish move.
As long as the demand zone holds, the price can move toward the targets.
However, the closure of a 4-hour candle below the invalidation level would invalidate this analysis.
Do not enter the position without capital management and stop setting
Comment if you have any questions
thank you
Trade active
After hitting the specified zone, it pumped more than [%] and reached TP1.
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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.
🔥 See hot signals and top analyzes on our free Telegram channel: 👉 t.me/iMoney_T
🔥 Profitable signals are only posted on our free Telegram channel: 👉 t.me/iMoney_T
🔥 Profitable signals are only posted on our free Telegram channel: 👉 t.me/iMoney_T
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.