The price has broken above the Kumo, signaling a shift to a bullish trend. Tenkan-sen > Kijun-sen indicates short-term bullish momentum. Chikou Span is above the price, confirming bullish sentiment. The Kumo ahead is thin and turning green, suggesting a potential continuation of the uptrend. NT Level (0.125) held as support, and the price has bounced. Entry: Above 0.150, confirmation if the price closes above with volume. Stop-Loss: Below 0.140. Price may retest 0.140 (support zone). Re-entry opportunity at 0.125 (NT level) if a strong rebound occurs.
Bullish bias remains strong as long as the price stays above the Kumo. Watch for breakout confirmation above 0.150 with volume. A move above 0.150 increases the probability of reaching 0.205 and beyond.
Note: 1. Analysis for education purposes only. 2. Trade at your own risk.
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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.