This is a clean long setup based on a confluence of daily and 4H levels, offering a solid risk-to-reward opportunity.
Entry: $3,057 – This marks the key level where bulls could reclaim momentum. Positioned at the boundary between the accumulation zone (red) and the breakout zone (green). Stop-Loss: Below $2,800 – Tight risk management aligned with the last strong support zone. Take-Profits: Targets set at $3,151, $3,218, and $3,363, with higher resistance levels providing excellent R:R potential.
Key Notes:
The bold white lines represent daily support and resistance, crucial for spotting high-probability areas. The thin white lines highlight 4H levels, great for precision entries and exits. The setup anticipates a breakout above $3,057, with daily structure favoring upside momentum. However, invalidation below $2,800 could lead to a deeper retracement.
Patience is key—let the price come to your levels. As always, stick to your strategy and manage risk accordingly. 🟢
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