$OP maintains a strong upward structure on the hourly chart.
The price is above EMA20 and EMA200, is making new local highs, and open interest and the bias of large traders toward buying support the bullish scenario.
The nearest target is $0,14899.
If momentum holds and this level is broken, the next stop could be $0,16375.
The $0,14335–0,14092 pullback zone is an interesting entry area.
It is preferable to wait for confirmation from buyers, as the RSI is already in overbought territory.
A close of the hourly candle below $0,13423 would put the current scenario in doubt.
The price is above EMA20 and EMA200, is making new local highs, and open interest and the bias of large traders toward buying support the bullish scenario.
The nearest target is $0,14899.
If momentum holds and this level is broken, the next stop could be $0,16375.
The $0,14335–0,14092 pullback zone is an interesting entry area.
It is preferable to wait for confirmation from buyers, as the RSI is already in overbought territory.
A close of the hourly candle below $0,13423 would put the current scenario in doubt.