đ„ $EWYB 1H: Pullback or the Start of Another Impulse?
â° Timeframe: 1H
đ Market Bias: Bullish (Cautious) The 1H trend remains constructive after a strong impulsive rally from ~136 to ~168. Price is currently pulling back toward the 25 MA while still holding above the 99 MA, suggesting the broader structure remains intact unless key support fails.
đŻ Trade Setup â LONG (on confirmation)
Entry Zone: 158.50â160.50 (bullish reaction/reclaim)
Stop Loss: Below 155.50
TP1: 163.20
TP2: 168.50
TP3: 172.00+ (if momentum returns)
Risk:Reward: Approximately 1:2.5
Trade Invalidation: A 1H close below 155.50 with strong selling volume invalidates the bullish setup.
đ Technical Analysis
Price Action: Healthy retracement after a strong breakout.
Market Structure: Higher highs and higher lows are still intact on the 1H chart.
EMA/MA: MA(7) remains above MA(25), while price is holding above MA(99), supporting the medium-term trend.
SMC: Recent pullback appears to be a liquidity sweep into demand rather than a confirmed bearish reversal.
Order Block: Demand zone around 156â159 is the key institutional support.
FVG: Watch for an imbalance refill near the current pullback before continuation.
Volume: Rally came with expanding volume; the pullback is occurring on relatively lighter volume, favoring buyers if demand returns.
Resistance: 163.20 â 168.50
Support: 156.00 â 153.50
#ewyb #EWYBUSDT #EWY #binance #BinanceSquareTalks
â° Timeframe: 1H
đ Market Bias: Bullish (Cautious) The 1H trend remains constructive after a strong impulsive rally from ~136 to ~168. Price is currently pulling back toward the 25 MA while still holding above the 99 MA, suggesting the broader structure remains intact unless key support fails.
đŻ Trade Setup â LONG (on confirmation)
Entry Zone: 158.50â160.50 (bullish reaction/reclaim)
Stop Loss: Below 155.50
TP1: 163.20
TP2: 168.50
TP3: 172.00+ (if momentum returns)
Risk:Reward: Approximately 1:2.5
Trade Invalidation: A 1H close below 155.50 with strong selling volume invalidates the bullish setup.
đ Technical Analysis
Price Action: Healthy retracement after a strong breakout.
Market Structure: Higher highs and higher lows are still intact on the 1H chart.
EMA/MA: MA(7) remains above MA(25), while price is holding above MA(99), supporting the medium-term trend.
SMC: Recent pullback appears to be a liquidity sweep into demand rather than a confirmed bearish reversal.
Order Block: Demand zone around 156â159 is the key institutional support.
FVG: Watch for an imbalance refill near the current pullback before continuation.
Volume: Rally came with expanding volume; the pullback is occurring on relatively lighter volume, favoring buyers if demand returns.
Resistance: 163.20 â 168.50
Support: 156.00 â 153.50
#ewyb #EWYBUSDT #EWY #binance #BinanceSquareTalks