Yes! The chart is showing **bullish potential** with signs of **accumulation in a sideways range**.
### **Bullish Scenario & Accumulation Zone**
- The price is trading within a **sideways range (accumulation phase)** between **0.339 EGP (support) and 0.411 EGP (resistance)**.
- **High volume near 0.384 EGP** indicates strong buying interest in this area.
- A breakout above **0.411 EGP** could trigger a **strong uptrend**, targeting **0.459 EGP and beyond**.
### **Tweezer Bottom Confirmation**
- The presence of **tweezer bottom candlestick patterns** at support levels strengthens the bullish bias.
- If price **rejects the lower boundary (0.384 EGP) multiple times**, it confirms accumulation and potential upside movement.
### **Key Trading Strategy**
- **Entry:** Buy within the **0.384 - 0.395 EGP** zone.
- **Stop-Loss:** Below **0.339 EGP** (if accumulation fails).
- **Take-Profit Targets:**
- **0.411 EGP** (resistance breakout level).
- **0.459 EGP** (strong supply area, high-volume node).
- **0.60+ EGP** (if bullish momentum continues).
### **Final Confirmation**
- Watch for **breakout volume above 0.411 EGP** to confirm the **bullish breakout** from accumulation.
- If price **rejects 0.411 EGP again**, it might stay in accumulation longer.
💡 **If the accumulation breakout happens, this trade has great upside potential.** Would you like me to mark these zones on the chart visually? 🚀
### **Bullish Scenario & Accumulation Zone**
- The price is trading within a **sideways range (accumulation phase)** between **0.339 EGP (support) and 0.411 EGP (resistance)**.
- **High volume near 0.384 EGP** indicates strong buying interest in this area.
- A breakout above **0.411 EGP** could trigger a **strong uptrend**, targeting **0.459 EGP and beyond**.
### **Tweezer Bottom Confirmation**
- The presence of **tweezer bottom candlestick patterns** at support levels strengthens the bullish bias.
- If price **rejects the lower boundary (0.384 EGP) multiple times**, it confirms accumulation and potential upside movement.
### **Key Trading Strategy**
- **Entry:** Buy within the **0.384 - 0.395 EGP** zone.
- **Stop-Loss:** Below **0.339 EGP** (if accumulation fails).
- **Take-Profit Targets:**
- **0.411 EGP** (resistance breakout level).
- **0.459 EGP** (strong supply area, high-volume node).
- **0.60+ EGP** (if bullish momentum continues).
### **Final Confirmation**
- Watch for **breakout volume above 0.411 EGP** to confirm the **bullish breakout** from accumulation.
- If price **rejects 0.411 EGP again**, it might stay in accumulation longer.
💡 **If the accumulation breakout happens, this trade has great upside potential.** Would you like me to mark these zones on the chart visually? 🚀
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.
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.