Technical Situation Analysis
1H (Short Term): Golden Cross confirmed (EMA 9 crossing above EMA 21) after a successful retest of the EMA 200. The RSI is at 54, moving out of exhaustion territory with a hidden bullish divergence.
4H (Medium-Term Structure): Price compression above the 50 and 100 MAs, with rising buying volume. Clear transition from an advanced accumulation phase to the beginning of an uptrend.
Daily (Macro): Reclaiming the 0.618 Fibonacci level ($4.80) and key psychological zone, invalidating the previous distribution bias.
Trade Setup (Long Setup)
Ideal Entry Zone: $4.85 – $4.98
TP1 (Conservative): $5.25 (Immediate 4H resistance / Order block)
TP2 (Intermediate): $5.65 (Daily 0.382 Fibonacci level and local high)
TP3 (Moonshot): $6.20 (Upside liquidity sweep and trend extension)
Stop Loss (SL): $4.62 (Technical invalidation below the 200 EMA on the 4H chart and psychological support)
Trade Range (Technical Rationale)
The Long entry is based on a high-probability confluence: a structural bounce off the 200 EMA on the 4H chart, coinciding with the 0.618 Fibonacci level. The bullish alignment of the 50 and 100 MAs, supported by the RSI exiting oversold territory and volume confirmation on absorption candles, validates buying momentum toward the $5.65 resistance.