BULLISH $DCR (1h)
• Current Structure:
Strong impulsive move from the 17.01 low with a clear sequence of higher highs and higher lows. Price swept sell-side liquidity at the lows, delivered a bullish BOS, then printed a local high at 25.00. Current price action is consolidation / shallow pullback under the highs.
• Market Structure Notes:
Clean bullish BOS through the prior range around 20.0
Liquidity taken above 25.00, followed by a controlled retrace
No lower low formed; structure remains intact
Price holding above MA25 and MA99, both now sloping up
• Volume Behavior:
Significant volume expansion during the impulse leg. Recent consolidation shows volume contraction, consistent with digestion rather than distribution.
• Key Levels:
Support: 22.4 – 21.9 (impulse base / prior resistance flip)
Resistance: 25.0 – 25.4 (recent high / resting liquidity)
• Entry Trigger:
LONG if: Price pulls back into 22.4–21.9 and forms a higher low with a bullish 1h close.
SHORT if: Price loses 21.9 on a 1h close, signaling failure of the HL and deeper correction risk.
• Invalidation Level:
Bullish bias invalidated below: 20.0 (loss of BOS and structure)
Summary:
Bias remains bullish following a strong impulse and liquidity sweep. Current action is consolidation beneath resistance. No active trade yet. Best opportunities come from a confirmed higher low at support or, alternatively, a structural failure below 21.9 to reassess bias.
