Chart:
Two main zones to watch:
• Local support (more immediately bullish): 4.3–3.75 — if price holds here and starts closing above the 21dEMA, odds favor continuation toward next resistance zones. Although, I think we still might re-test the lower edge of this zone before a sustainable break-out emerges.
• Mid-term support: 3.50–2.70 — if price breaks below the 21dEMA and chooses to extend consolidation before the next leg higher.
Overall, the structure continues to favor a developing accumulation phase with solid medium-term upside potential once confirmation signals appear.
Trade active
Potential swing-long parameters:
Risk/Stop losses: below 5.56, with a wider invalidation level at 5.25
Initial upside targets: around 8.80, followed by 10.60.
Chart:
Trade closed: target reached
Chart:
📊 Daily FREE Market Insights | Crypto + US Stocks
⚡ Technical analysis, setups & commentary
🌍 t.me/MarketArtistryENG | 🇷🇺 t.me/marketartistry
⚡ Technical analysis, setups & commentary
🌍 t.me/MarketArtistryENG | 🇷🇺 t.me/marketartistry
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.
📊 Daily FREE Market Insights | Crypto + US Stocks
⚡ Technical analysis, setups & commentary
🌍 t.me/MarketArtistryENG | 🇷🇺 t.me/marketartistry
⚡ Technical analysis, setups & commentary
🌍 t.me/MarketArtistryENG | 🇷🇺 t.me/marketartistry
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.
