DTC’s bouncing clean off the old resistance, now strong demand. Classic flip. Riding within an ascending channel, eyeing 2.75+ — just needs volume to push through
### 🟢 **Support Turned Demand Zone**
* The **previous resistance zone** around **2.33 – 2.42** has flipped into a **strong support/demand zone**.
* Price dipped into this zone and sharply bounced, confirming **buy-side absorption** at that level.
* Classic **S/R Flip** behavior – ideal for long setups.
* **Ascending channel** is developing — price respecting both upper and lower trendlines.
* Higher highs and higher lows = bullish structure in play.
* Channel is guiding price towards **next resistance/supply levels**.
### 🟡 **Supply Zones**
* **2.75 – 2.85**: Marked supply zone with heavy volume profile clusters — likely profit-taking or institutional selling pressure.
* Expect some turbulence or partial TP in that area.
---
### 📉 **RSI Perspective**
* The bounce from demand zone came with **low RSI** — signaling **bullish divergence** or **oversold** conditions
* Another bullish technical confirmation for current long bias
---
## 🎯 **Trading Plan**
| **Entry** | 2.54 – 2.56 (channel support retest) |
| **Stop Loss** | Below 2.42 (under demand zone) |
| **Take Profit ** | 2.85 (major supply zone) |
| **R/R Ratio** | Approx **1:2.8** |
---
> *“Every resistance broken becomes a soldier in the support army.”*
---
### ⚠️ **Disclaimer**
> This analysis is for educational purposes only and not financial advice. Always do your own research and use stop losses.
### 🟢 **Support Turned Demand Zone**
* The **previous resistance zone** around **2.33 – 2.42** has flipped into a **strong support/demand zone**.
* Price dipped into this zone and sharply bounced, confirming **buy-side absorption** at that level.
* Classic **S/R Flip** behavior – ideal for long setups.
* **Ascending channel** is developing — price respecting both upper and lower trendlines.
* Higher highs and higher lows = bullish structure in play.
* Channel is guiding price towards **next resistance/supply levels**.
### 🟡 **Supply Zones**
* **2.75 – 2.85**: Marked supply zone with heavy volume profile clusters — likely profit-taking or institutional selling pressure.
* Expect some turbulence or partial TP in that area.
---
### 📉 **RSI Perspective**
* The bounce from demand zone came with **low RSI** — signaling **bullish divergence** or **oversold** conditions
* Another bullish technical confirmation for current long bias
---
## 🎯 **Trading Plan**
| **Entry** | 2.54 – 2.56 (channel support retest) |
| **Stop Loss** | Below 2.42 (under demand zone) |
| **Take Profit ** | 2.85 (major supply zone) |
| **R/R Ratio** | Approx **1:2.8** |
---
> *“Every resistance broken becomes a soldier in the support army.”*
---
### ⚠️ **Disclaimer**
> This analysis is for educational purposes only and not financial advice. Always do your own research and use stop losses.
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.