🔹 Overview: ➡️ The asset is in a strong uptrend, forming a cascade of support levels with buyers stepping in. ➡️ The price recently tested a major resistance level ($1500) and entered a brief consolidation. ➡️ Patterns such as "expanding triangle" and "rising wedge" confirm strong activity and accumulation. ➡️ The current POC zone (1197) indicates high buying interest, supporting further upside movement.
⚡ Plan: ➡️ Going long from $1485.0, anticipating a breakout above the local high. ➡️ Taking profits at TP levels with potential partial exits.
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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.