📈 Technical Analysis Summary
✅ Trend Context
Prior Trend: Strong bullish rally (uptrend from April 17–22).
Current Move: Sharp pullback, testing potential support zone (~$3,366).
Market Sentiment: Appears to be anticipating a bullish reversal for continuation of the uptrend.
🔍 Chart Breakdown
🟢 Entry Zone
Around $3,366–$3,375 – current price is consolidating near this level.
This zone is potentially a support level after the recent sell-off.
🎯 Take Profit (TP) Levels
TP 1 – ~$3,405: Initial resistance level; minor structure.
TP 2 – ~$3,435: Stronger resistance zone; mid-range consolidation level.
Final TP – ~$3,490: Full target; retest of the previous swing high.
These levels act as both profit-taking zones and potential reversal zones for partial exits.
🔻 Risk Management
Implied Stop Loss: Likely placed below the swing low (~$3,365 or slightly lower), minimizing downside risk.
Risk-to-Reward (R:R): Appears favorable – roughly 1:2 to 1:3 depending on exact entry.
🔄 Expected Price Path
Chart shows a V-shaped recovery with stair-step targets.
Blue arrows indicate bullish progression through resistance levels.
📊 Volume Insight
Notably high volume on the recent sell-off suggests:
Possible capitulation or stop-hunting before a reversal.
Smart money accumulation could be underway.
🧠 Trading Plan (Based on Chart Idea)
Step Action
🔍 Entry Buy near $3,366–$3,375
🎯 TP1 Close partial at ~$3,405
🎯 TP2 Close more at ~$3,435
🎯 Final Target Exit rest at ~$3,490
🛡️ Stop Loss Below $3,365 (e.g., $3,360 or $3,355)
✅ Trend Context
Prior Trend: Strong bullish rally (uptrend from April 17–22).
Current Move: Sharp pullback, testing potential support zone (~$3,366).
Market Sentiment: Appears to be anticipating a bullish reversal for continuation of the uptrend.
🔍 Chart Breakdown
🟢 Entry Zone
Around $3,366–$3,375 – current price is consolidating near this level.
This zone is potentially a support level after the recent sell-off.
🎯 Take Profit (TP) Levels
TP 1 – ~$3,405: Initial resistance level; minor structure.
TP 2 – ~$3,435: Stronger resistance zone; mid-range consolidation level.
Final TP – ~$3,490: Full target; retest of the previous swing high.
These levels act as both profit-taking zones and potential reversal zones for partial exits.
🔻 Risk Management
Implied Stop Loss: Likely placed below the swing low (~$3,365 or slightly lower), minimizing downside risk.
Risk-to-Reward (R:R): Appears favorable – roughly 1:2 to 1:3 depending on exact entry.
🔄 Expected Price Path
Chart shows a V-shaped recovery with stair-step targets.
Blue arrows indicate bullish progression through resistance levels.
📊 Volume Insight
Notably high volume on the recent sell-off suggests:
Possible capitulation or stop-hunting before a reversal.
Smart money accumulation could be underway.
🧠 Trading Plan (Based on Chart Idea)
Step Action
🔍 Entry Buy near $3,366–$3,375
🎯 TP1 Close partial at ~$3,405
🎯 TP2 Close more at ~$3,435
🎯 Final Target Exit rest at ~$3,490
🛡️ Stop Loss Below $3,365 (e.g., $3,360 or $3,355)
Trade active
Just for One More Smile © free
telegram signals t.me/+QxrfbzZuGCZhN2U0
V A.I. Data Scientist
V 20+ years of experience
* Forex V Crypto V Indices
C o m m o d i t y t.me/+QxrfbzZuGCZhN2U0
Q u i c k Learn Trading Tips
telegram signals t.me/+QxrfbzZuGCZhN2U0
V A.I. Data Scientist
V 20+ years of experience
* Forex V Crypto V Indices
C o m m o d i t y t.me/+QxrfbzZuGCZhN2U0
Q u i c k Learn Trading Tips
Related publications
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.
Just for One More Smile © free
telegram signals t.me/+QxrfbzZuGCZhN2U0
V A.I. Data Scientist
V 20+ years of experience
* Forex V Crypto V Indices
C o m m o d i t y t.me/+QxrfbzZuGCZhN2U0
Q u i c k Learn Trading Tips
telegram signals t.me/+QxrfbzZuGCZhN2U0
V A.I. Data Scientist
V 20+ years of experience
* Forex V Crypto V Indices
C o m m o d i t y t.me/+QxrfbzZuGCZhN2U0
Q u i c k Learn Trading Tips
Related publications
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.