Rebound from Local Support (~105,000 USD)
The price reacted to a key support level and is showing early bullish candles, suggesting a possible continuation of the upward trend.
WT_LB Oscillator (WaveTrend)
Currently in the oversold zone and starting to curl upward – a typical early buy signal.
Medium-Term Trend Still Bullish
The recent pullback hasn’t broken key market structure – likely just a profit-taking phase before another leg up.
Structure of Higher Highs and Higher Lows (HH-HL)
The chart continues to show a bullish structure, and the current consolidation may serve as a base for an upward breakout.
⚠️ Trade Setup:
Entry: ~105,460 USD
Take Profit (TP): ~116,265 USD
Stop Loss (SL): ~102,249 USD
Risk-to-Reward (R/R): Approximately 1:3 – favorable setup.
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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.