In my view, TIA remains bullish overall and the higher-timeframe structure is still constructive. At the moment, price action suggests that a triangle pattern is forming, indicating a phase of consolidation before the next potential expansion.
From the recent low, buyers stepped in aggressively, pushing the price upward with strong momentum and clear bullish intent. This impulsive move confirms that demand is still present and active in the market. After this rally, price has now entered a corrective phase, which appears healthy and technical rather than a sign of weakness.
This correction is likely the final correction within the triangle structure, specifically corresponding to Wave E of the triangle. If this interpretation is correct, the market is currently completing the last leg of consolidation before a potential breakout.
We have identified two entry zones, and positions should be built using a DCA (Dollar-Cost Averaging) approach to manage risk and improve average entry price. These zones are aligned with key support levels and the internal structure of the triangle.
🎯 Targets are clearly marked on the chart, based on the projected breakout of the triangle and prior resistance levels.
❌ Invalidation:
This bullish scenario will be invalidated if a daily candle closes below the invalidation level marked on the chart. A confirmed daily close below that level would indicate a breakdown of the structure and require a reassessment of the bias.
As long as price remains above the invalidation level, the bullish bias remains intact, and this consolidation should be viewed as a potential accumulation phase rather than a distribution.
If you have a coin or altcoin you want analyzed, first hit the like button and then comment its name so I can review it for you.
This is not a trade setup, as it has no precise stop-loss, stop, or target. I do not publish my trade setups here.
From the recent low, buyers stepped in aggressively, pushing the price upward with strong momentum and clear bullish intent. This impulsive move confirms that demand is still present and active in the market. After this rally, price has now entered a corrective phase, which appears healthy and technical rather than a sign of weakness.
This correction is likely the final correction within the triangle structure, specifically corresponding to Wave E of the triangle. If this interpretation is correct, the market is currently completing the last leg of consolidation before a potential breakout.
We have identified two entry zones, and positions should be built using a DCA (Dollar-Cost Averaging) approach to manage risk and improve average entry price. These zones are aligned with key support levels and the internal structure of the triangle.
🎯 Targets are clearly marked on the chart, based on the projected breakout of the triangle and prior resistance levels.
❌ Invalidation:
This bullish scenario will be invalidated if a daily candle closes below the invalidation level marked on the chart. A confirmed daily close below that level would indicate a breakdown of the structure and require a reassessment of the bias.
As long as price remains above the invalidation level, the bullish bias remains intact, and this consolidation should be viewed as a potential accumulation phase rather than a distribution.
If you have a coin or altcoin you want analyzed, first hit the like button and then comment its name so I can review it for you.
This is not a trade setup, as it has no precise stop-loss, stop, or target. I do not publish my trade setups here.
Trade closed manually
The price didn't exactly reach our entry point, but it went ahead according to analysis and was pumped 11%.
💎 Daily spot and futures signals on our Telegram Join for free 👉 t.me/Behdark_EN
💎Live trade setups & profit targets on our Telegram: 👉 t.me/Behdark_EN
Use our referral code on Binance for fee discounts :
GRO_28502_R3AZJ
💎Live trade setups & profit targets on our Telegram: 👉 t.me/Behdark_EN
Use our referral code on Binance for fee discounts :
GRO_28502_R3AZJ
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 spot and futures signals on our Telegram Join for free 👉 t.me/Behdark_EN
💎Live trade setups & profit targets on our Telegram: 👉 t.me/Behdark_EN
Use our referral code on Binance for fee discounts :
GRO_28502_R3AZJ
💎Live trade setups & profit targets on our Telegram: 👉 t.me/Behdark_EN
Use our referral code on Binance for fee discounts :
GRO_28502_R3AZJ
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.