The best time to enter in a bull market is during a pullback — when price temporarily retraces before continuing its upward trend.
In the case of
SUPERUSDT, price is currently pulling back into a demand zone between 0.7178 – 0.7109. The overall structure remains bullish, with the blue arrows showing a series of higher lows and the red arrows indicating higher highs.
We expect the price to bounce from this demand zone and potentially break the previous high, continuing the bullish trend.
To confirm the pullback is ending and a reversal is underway, we’ll watch for candlestick patterns. Here are two possible bullish confirmation scenarios:
These are the scenarios I’m watching for on $SUPERUSDT.
Let me know your thoughts!
In the case of
SUPERUSDT, price is currently pulling back into a demand zone between 0.7178 – 0.7109. The overall structure remains bullish, with the blue arrows showing a series of higher lows and the red arrows indicating higher highs.We expect the price to bounce from this demand zone and potentially break the previous high, continuing the bullish trend.
To confirm the pullback is ending and a reversal is underway, we’ll watch for candlestick patterns. Here are two possible bullish confirmation scenarios:
- Price breaks and closes above the high of the last red candle — a bullish engulfing setup.
- Price dips deeper into the demand zone, then forms a bullish pattern such as:
- Bullish Engulfing
- Bullish Harami
- Other reversal signals, like a close above the high of the previous two candles.
These are the scenarios I’m watching for on $SUPERUSDT.
Let me know your thoughts!
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.