🟢 Market Structure & Price Action
Price previously traded in a sustained downtrend with lower highs and lower lows.
A strong impulsive bullish move caused a change of character (CHOCH), signaling a potential trend reversal.
After the breakout, price is expected to retrace into the highlighted buying zone ($0.02835 – $0.02468), which is acting as a strong demand area where buyers may step in.
🎯 Trade Setup
Entry Zone: $0.02835 – $0.02468 (key demand support)
Stop Loss: $0.01874 (below demand zone to manage downside risk)
Target 1: $0.04903 (near-term resistance level)
Target 2: $0.11267 (major bullish expansion target)
📈 Technical Outlook
Holding above the demand zone keeps the bullish structure intact and confirms reversal strength.
A bounce from the support area could trigger strong upside continuation toward resistance targets.
A breakdown below $0.02468 would weaken the bullish bias and may lead to further downside.
✅ Overall Bias: Bullish above demand zone with strong reversal potential if support holds.
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.
