$DEEP still indicates a bullish structure on 1H, but for now it’s not time to chase the price.
The price has just surged upward and it’s best to wait for a pullback to enter at 0.01466–0.01474.
As long as the HH-HL structure remains intact, a retrace into that zone could be an area to watch for a renewed buyer response.
If the pullback holds and a bullish confirmation appears, the continuation scenario toward 0.01515 then 0.01549 is clearly open.
On the other hand, if the price doesn’t give a pullback and keeps rising, it’s better to let this setup pass rather than forcing an entry above the zone that has already been planned.
WAITING PULLBACK — don’t chase the price. NFA.
The price has just surged upward and it’s best to wait for a pullback to enter at 0.01466–0.01474.
As long as the HH-HL structure remains intact, a retrace into that zone could be an area to watch for a renewed buyer response.
If the pullback holds and a bullish confirmation appears, the continuation scenario toward 0.01515 then 0.01549 is clearly open.
On the other hand, if the price doesn’t give a pullback and keeps rising, it’s better to let this setup pass rather than forcing an entry above the zone that has already been planned.
WAITING PULLBACK — don’t chase the price. NFA.
