๐ฅ $GENIUS (4H Chart): NEXT BIG BULLISH MOVE? (Long Position Setup) ๐
If you are keeping an eye on the GENIUS/USD 4-Hour (4H) Chart, technical indicators are pointing toward a strong Bullish Reversal / Breakout setup forming on the charts!
The previous few 4H candles have been leaving long lower wicks at the $0.2800 โ $0.2900 support zone, signaling that buyers are stepping in aggressively at this level. A 4H candle close above $0.2950 will serve as a strong bullish confirmation for the trend to continue upward.
๐ GENIUS/USD 4H Long Position Setu
If you are looking for a safe and structured entry based on the 4H time frame, this swing/intraday trading plan can help guide your trade:
4H Entry Zone: $0.2800 โ $0.2920 (Enter on a pullback or after a $0.2950 4H close)
Leverage: 3x โ 5x (For optimal risk management)
Stop-Loss (SL): $0.2650 (4H close below key support)
๐ฏ Take-Profit Targets (TP):
TP 1: $0.3200 (Immediate 4H resistance)
TP 2: $0.3600 (Previous 4H chart high)
TP 3: $0.4200+ (Major 4H breakout target)
๐ Top 3 Technical Reasons on the 4H Chart:
4H Support Rejection: Consecutive 4H candles rejecting the $0.2800 support zone demonstrate strong demand and buying pressure.
RSI Divergence: The 4H Relative Strength Index (RSI) is turning upward from the oversold zone, hinting at accelerating momentum.
Volume Confirmation: Green volume bars are steadily building on the 4H chart, typically preceding a higher-volume breakout.
๐ก 4H Trading Tip: Always wait for the 4H candle close before entering. Avoid jumping in early until the candle closes squarely within or above your target level.
๐ Are you waiting for the 4H breakout confirmation? Share your thoughts and targets in the comments below!
