**potential bullish setup**
* Price was in a **downtrend** (black descending trendline, red arrows showing lower highs).
* A **Break of Structure (BOS)** occurred, meaning the bearish trendline was broken → signaling possible trend reversal.
* Price is now in a **demand zone** (blue box), where buyers are expected to step in.
* The setup suggests a **long entry from the demand zone** with a target toward the **supply zone** above (red box near 2.09571).
* Stop-loss is just below the demand zone (\~2.07428).
**Idea:** Wait for confirmation in the blue zone → Buy → Target the upper resistance zone.
* Price was in a **downtrend** (black descending trendline, red arrows showing lower highs).
* A **Break of Structure (BOS)** occurred, meaning the bearish trendline was broken → signaling possible trend reversal.
* Price is now in a **demand zone** (blue box), where buyers are expected to step in.
* The setup suggests a **long entry from the demand zone** with a target toward the **supply zone** above (red box near 2.09571).
* Stop-loss is just below the demand zone (\~2.07428).
**Idea:** Wait for confirmation in the blue zone → Buy → Target the upper resistance zone.
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.