OP has been consolidating under a descending trendline since mid-August, but buyers are stepping in around the 0.673 support zone. Recent 4H candles show strength with higher lows forming, while RSI (~58) signals building momentum without being overbought.
Technical Observations:
Descending trendline resistance around 0.724 is the key breakout level.
Price reclaimed the 0.710 zone and is pressing against resistance.
A breakout above 0.724 with strong volume could accelerate momentum toward higher levels.
Support at 0.673 is critical; losing it would invalidate this setup.
Trade Setup:
Entry zone: 0.710 – 0.724 (confirmation needed)
Stop loss: Below 0.673
Targets:
T1: 0.740
T2: 0.778
T3: 0.822
Extended: 0.873 – 0.900
Insights: If OP clears 0.724 and sustains above it, the bullish momentum could continue toward the 0.778–0.822 zone. Failure to hold may result in a retest of the 0.673 support level.
DYOR | Not Financial Advice
Technical Observations:
Descending trendline resistance around 0.724 is the key breakout level.
Price reclaimed the 0.710 zone and is pressing against resistance.
A breakout above 0.724 with strong volume could accelerate momentum toward higher levels.
Support at 0.673 is critical; losing it would invalidate this setup.
Trade Setup:
Entry zone: 0.710 – 0.724 (confirmation needed)
Stop loss: Below 0.673
Targets:
T1: 0.740
T2: 0.778
T3: 0.822
Extended: 0.873 – 0.900
Insights: If OP clears 0.724 and sustains above it, the bullish momentum could continue toward the 0.778–0.822 zone. Failure to hold may result in a retest of the 0.673 support level.
DYOR | Not Financial Advice
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.