DIALOG - Is there a strong bullish sentiment?Entry & exit strategy
The price is inside the red Kumo, indicating a bearish sentiment. However, it has recently attempted a breakout above the Kumo.
The price has retraced to the Fibonacci 0.5 and 0.382 levels after rejecting higher resistance levels.
Volume appears to be moderate, with a noticeable spike during the breakout attempt, indicating strong interest at higher levels.
The Tenkan-Sen and Kijun-Sen are near the price level, suggesting consolidation.
Chikou Span has crossed above the price, which may signal a potential bullish continuation if supported by further price action.
A bullish setup is plausible if the price maintains support at 1.86–1.90 and volume confirms buying pressure.
The Ichimoku and Fibonacci alignment suggests a cautious but potentially rewarding trade, with key resistance levels to watch at 2.03 and 2.10.
Note:
1. Analysis for education purposes only.
2. Trade at your own risk.
