Chart Analysis:
➤ 1) The price is still struggling below the major EMAs (20/50/100/200), indicating bearish pressure.
➤ 2) RSI is mumbling around the midline, showing a slight bullish pull but lacking strong momentum.
➤ 3) The recent small upward move hasn't broken the trend, and the EMAs are still positioned in a bearish sequence.
➤ 4) Volume remains relatively low, suggesting that buyers are not stepping in aggressively yet.
🐻 Bearish Scenario (Fakeout):
Probability: 60%:
If the price pushes above the EMA 50 (around 0.185) and gets rejected at EMA 100 or 200, we might see a sharp pullback.
💡 Entry for short: 0.187 - 0.189
✂️ Stop Loss: 0.192
🏁 Take Profit:
➣ 0.180 - TP 1
➣ 0.175 - TP 2
🐂 Bullish Scenario (Reversal):
Probability: 40%
If the price consolidates above the EMA 200 (around 0.190) with volume increasing, it could indicate a trend reversal.
💡 Entry for long: 0.192 - 0.194
✂️ Stop Loss: 0.188
🏁 Take Profit:
➣ 0.200 - TP 1
➣ 0.210 - TP 2
🚨 Stay awake, this setup is valid for the next 12 hrs. or until NY session. This is not a trading advice.
➤ 1) The price is still struggling below the major EMAs (20/50/100/200), indicating bearish pressure.
➤ 2) RSI is mumbling around the midline, showing a slight bullish pull but lacking strong momentum.
➤ 3) The recent small upward move hasn't broken the trend, and the EMAs are still positioned in a bearish sequence.
➤ 4) Volume remains relatively low, suggesting that buyers are not stepping in aggressively yet.
🐻 Bearish Scenario (Fakeout):
Probability: 60%:
If the price pushes above the EMA 50 (around 0.185) and gets rejected at EMA 100 or 200, we might see a sharp pullback.
💡 Entry for short: 0.187 - 0.189
✂️ Stop Loss: 0.192
🏁 Take Profit:
➣ 0.180 - TP 1
➣ 0.175 - TP 2
🐂 Bullish Scenario (Reversal):
Probability: 40%
If the price consolidates above the EMA 200 (around 0.190) with volume increasing, it could indicate a trend reversal.
💡 Entry for long: 0.192 - 0.194
✂️ Stop Loss: 0.188
🏁 Take Profit:
➣ 0.200 - TP 1
➣ 0.210 - TP 2
🚨 Stay awake, this setup is valid for the next 12 hrs. or until NY session. This is not a trading advice.
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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.