Price is currently reclaiming a key level that previously acted as resistance, now attempting to flip into support.
The move down showed exhaustion, followed by a clean shift in short-term structure and a strong reaction from the lower zone. That’s not random buying, that’s demand stepping in.
The current pullback into this level looks like a retest rather than weakness.
As long as price holds above this zone, the expectation is continuation to the upside.
The highlighted area below marks the demand block where buyers have already shown intent, while the upside range targets the next liquidity pool resting above prior highs.
Key confirmations:
• Holding above reclaimed level
• Higher lows forming on lower timeframes
• Momentum shift in favor of buyers
Invalidation is simple, acceptance back below the level kills the setup.
Until then, this is a buy-the-dip environment.
The move down showed exhaustion, followed by a clean shift in short-term structure and a strong reaction from the lower zone. That’s not random buying, that’s demand stepping in.
The current pullback into this level looks like a retest rather than weakness.
As long as price holds above this zone, the expectation is continuation to the upside.
The highlighted area below marks the demand block where buyers have already shown intent, while the upside range targets the next liquidity pool resting above prior highs.
Key confirmations:
• Holding above reclaimed level
• Higher lows forming on lower timeframes
• Momentum shift in favor of buyers
Invalidation is simple, acceptance back below the level kills the setup.
Until then, this is a buy-the-dip environment.
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.