Reasons-
1) Weekly & Daily trend is bullish as per 200 ema & Ichimoku cloud.
2) Price continuously making higher highs and higher lows on daily.
3) Previous resistance acting as support shows the conviction of the market participants.
4) Bullish divergence on 15 minutes (rsi).
5) Liquidity/stop gunt took place on H1 timeframe signalling that institutions and banks are also entering.
6) Possible reward much higher than the risk taken.
Kindly trade at your own risk.
Good Luck ^_^
1) Weekly & Daily trend is bullish as per 200 ema & Ichimoku cloud.
2) Price continuously making higher highs and higher lows on daily.
3) Previous resistance acting as support shows the conviction of the market participants.
4) Bullish divergence on 15 minutes (rsi).
5) Liquidity/stop gunt took place on H1 timeframe signalling that institutions and banks are also entering.
6) Possible reward much higher than the risk taken.
Kindly trade at your own risk.
Good Luck ^_^
