$STAR LONG SETUP 🚀
A strong bullish structure is developing, with price pushing toward the 0.1690 resistance after a powerful recovery from the 0.11598 low.
The 1H chart is showing a clear sequence of higher highs and higher lows, supported by strong upward momentum. Price is currently around 0.16723, very close to the marked 0.16901 local high. This makes the next pullback especially important.
📌 TRADE PLAN
🟢 Entry Zone: 0.14500 – 0.15500
🎯 TP1: 0.16900
🎯 TP2: 0.19000
🎯 TP3: 0.21200
🛑 Stop Loss: 0.12280
Bias: 🟢 BULLISH
Invalidation: Below 0.12280
🔥 Why this setup?
The move from approximately 0.116 has produced a strong recovery, and price is now maintaining a bullish structure rather than giving back the entire impulse. The 0.145–0.155 region is the key area to watch for a healthy retracement.
If price pulls back into this zone and buyers defend it, the first objective is a retest of 0.16900. A confirmed breakout above that level could create momentum toward 0.19000, followed by the larger 0.21200 target.
The ideal approach is not to chase the current candle after the strong run. Waiting for a pullback into the entry zone with bullish confirmation provides a cleaner risk/reward structure.
A strong bullish structure is developing, with price pushing toward the 0.1690 resistance after a powerful recovery from the 0.11598 low.
The 1H chart is showing a clear sequence of higher highs and higher lows, supported by strong upward momentum. Price is currently around 0.16723, very close to the marked 0.16901 local high. This makes the next pullback especially important.
📌 TRADE PLAN
🟢 Entry Zone: 0.14500 – 0.15500
🎯 TP1: 0.16900
🎯 TP2: 0.19000
🎯 TP3: 0.21200
🛑 Stop Loss: 0.12280
Bias: 🟢 BULLISH
Invalidation: Below 0.12280
🔥 Why this setup?
The move from approximately 0.116 has produced a strong recovery, and price is now maintaining a bullish structure rather than giving back the entire impulse. The 0.145–0.155 region is the key area to watch for a healthy retracement.
If price pulls back into this zone and buyers defend it, the first objective is a retest of 0.16900. A confirmed breakout above that level could create momentum toward 0.19000, followed by the larger 0.21200 target.
The ideal approach is not to chase the current candle after the strong run. Waiting for a pullback into the entry zone with bullish confirmation provides a cleaner risk/reward structure.
