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
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.