Chart Analysis (15m)
Current Price: $5.145 (+7.48%)
Trend: Strong bullish momentum after a deep retracement.
📍
Points of Interest (POIs)
POI 1 (First Buy Zone): Around $5.05 – $5.10
Acts as the nearest demand zone.
Price may react here if it doesn’t drop too deep.
POI 2 (Second Buy Zone): Around $4.95 – $5.00
Stronger demand area for confirmation.
If price sweeps liquidity from POI 1, this is the deeper entry.
✅
Bullish Scenario
Wait for bullish confirmation (engulfing, liquidity sweep, or strong reversal wick) at either POI.
Potential upside targets:
First target: $5.30
Second target: $5.40+
⚠️
Invalidation
If price breaks and closes strongly below $4.90, the bullish setup weakens.
Current Price: $5.145 (+7.48%)
Trend: Strong bullish momentum after a deep retracement.
📍
Points of Interest (POIs)
POI 1 (First Buy Zone): Around $5.05 – $5.10
Acts as the nearest demand zone.
Price may react here if it doesn’t drop too deep.
POI 2 (Second Buy Zone): Around $4.95 – $5.00
Stronger demand area for confirmation.
If price sweeps liquidity from POI 1, this is the deeper entry.
✅
Bullish Scenario
Wait for bullish confirmation (engulfing, liquidity sweep, or strong reversal wick) at either POI.
Potential upside targets:
First target: $5.30
Second target: $5.40+
⚠️
Invalidation
If price breaks and closes strongly below $4.90, the bullish setup weakens.
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.