Price was in a long downtrend, but sellers eventually lost strength. After a sharp selloff, the market began moving sideways — showing signs that larger players were quietly building positions while keeping price in a range.
Price then dipped below the range and quickly reversed, followed by strong buying that broke previous highs and shifted the overall structure from bearish to bullish. If that same buying pressure returns, we could see a continuation of the upward move as momentum builds.
Entry: 0.47629
Take Profit: 0.48139
Stop Loss: 0.47490
Price then dipped below the range and quickly reversed, followed by strong buying that broke previous highs and shifted the overall structure from bearish to bullish. If that same buying pressure returns, we could see a continuation of the upward move as momentum builds.
Entry: 0.47629
Take Profit: 0.48139
Stop Loss: 0.47490
Trade closed: stop reached
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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.