Parallel Channel

AUDNZD - Bullish Momentum Faces a Critical Test!AUDNZD remains bullish from a broader perspective, but recent price action suggests that bullish momentum is beginning to weaken after the break below the red ascending channel. Following the rejection from the red supply area, price moved lower and is now testing the lower boundary of the blue channel, where it aligns with an important support area. This creates a technical zone that may attract buyers and is worth monitoring closely. ⭕As long as this support continues to hold, we can start looking for buy setups on lower timeframes, anticipating a bullish reaction from the current area. ⭕However, if price breaks below the lower boundary of the blue channel and the green trigger area, it would provide an important indication that momentum is shifting from bullish to bearish on the daily timeframe, increasing the probability of a deeper correction toward the lower boundary of the broader brown ascending channel. The reaction around this support may help determine whether buyers can defend the daily bullish structure, or if sellers are beginning to take control, leading to a broader correction within the long-term bullish trend. ⚠️ Disclaimer: This analysis reflects my personal market view and is not financial advice. Rayan Nasser #AUDNZD #AUD #NZD #Forex #TechnicalAnalysis #PriceAction #Trading #MarketStructure

XAUUSD: Rounding Top Signals Fresh Bearish Pressure Toward 4,030 Hello everyone, here is my breakdown of the current XAUUSD setup. Market Analysis XAUUSD previously traded inside a broad descending channel after breaking below an earlier triangle support, confirming a bearish market structure. Price later found support near the 4,030 Support Zone, triggering a recovery. However, the rebound formed a Rounding Top pattern beneath the 4,200 Resistance Zone, signaling that buying momentum is fading. Currently, XAUUSD is trading above the 4,030 Support Zone while remaining below the 4,200 Resistance Zone. Price has rejected the upper boundary of the recovery and continues to trade below the long-term descending channel resistance, keeping sellers in control. My Scenario & Strategy As long as XAUUSD remains below the 4,200 Resistance Zone and respects the descending channel resistance, the bearish scenario remains valid. A continuation lower could push price toward the 4,030 Support Zone (TP1). However, a confirmed breakout above the 4,200 Resistance Zone and the descending trendline would weaken the bearish outlook and favor a stronger bullish recovery. That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.

Bitcoin Near Key Resistance – Possible Pullback Toward 62,5K Hello traders! Here’s my technical outlook based on the current BTCUSDT (3H) chart structure. BTCUSDT previously traded inside an ascending channel after recovering from a major selloff. After breaking below the channel support, price lost bullish momentum and entered a wide consolidation range before buyers regained control above the 62,500 Buyer Zone. Currently, BTCUSDT is trading above the 62,500 Buyer Zone while approaching the 64,800 Seller Zone. The recovery is following a rising support trendline, but the major resistance area continues to limit further upside. As long as BTCUSDT remains below the 64,800 Seller Zone, the bearish scenario remains valid. A rejection from current levels could push price back toward the 62,500 Buyer Zone (TP1), where buyers may attempt to defend support. Please share this idea with your friends and click "Boost" 🚀

BITCOIN - Retest of the 64,500 liquidity zone BINANCE:BTCUSDT.P remains within the 58,000–67,000 trading range, established as part of the broader bearish trend. Locally, the market is testing the upper boundary of the consolidation zone at 61,000–64,500, with the primary focus now on the resistance area Bitcoin is currently caught between three major forces: the hawkish FOMC minutes, unstable ETF flows—with outflows resuming after three consecutive days of inflows—and ongoing geopolitical uncertainty. The market still lacks a strong fundamental catalyst. From a medium-term perspective, Bitcoin could decline toward 58K–50K before a potential long-term bottom is formed. The broader trend remains firmly bearish. Technically, Bitcoin is advancing toward the 64,370–64,690 resistance zone. This move may represent a liquidity grab before another leg lower Resistance levels: 64,370, 64,690 Support levels: 62,550, 61,300 Bitcoin is forming a countertrend correction into a key resistance zone, which also coincides with the upper boundary of the current trading range and a major liquidity pool. A short squeeze in this area could shift momentum back in favor of the bears, while consolidation below this resistance zone may trigger another decline toward 62,550 or the range support at 61,300 Best regards, R. Linda

BITCOIN CASH [$BCH] ELLIOTT WAVE CRYPTO ANALYSIS WEEKLY TF NYSE:BCH Bitcoin Cash has arrived at what I consider the most important price level of the entire macro structure. The recent sell-off found support almost perfectly inside the weekly Golden Zone (GZ) around $180, where several technical factors converge. This area is far more than just another support level—it represents the crossroads that will likely determine the next multi-year direction for BCH. As long as the weekly Golden Zone continues to hold, my Elliott Wave count remains constructive. The market may still be completing a large corrective structure before beginning the next impulsive advance. If this interpretation proves correct, the long-term target remains the $4,000 region, with an ALGO take-profit objective near $10,270. However, this bullish outlook still requires confirmation. The first technical confirmation would be a decisive break above the daily Golden Zone, currently located around $443. Reclaiming that level would strengthen the bullish wave count considerably and suggest that the recent decline has indeed completed its corrective phase. On the other hand, the current support cannot be lost. A sustained breakdown below the $180 weekly Golden Zone would invalidate my preferred bullish scenario and significantly increase the probability that BCH is still unfolding a much larger bearish structure. In that case, the next major downside objective shifts dramatically towards approximately $28.67. This is why I believe the current price region deserves close attention. Markets rarely provide such clearly defined technical crossroads where both the bullish and bearish scenarios are so well separated by one critical level. For now, Bitcoin Cash remains compressed between long-term support and multi-year resistance. The longer this compression persists, the more significant the eventual breakout is likely to become. As always, Elliott Wave analysis is about probabilities rather than certainties. The market will ultimately determine which path unfolds—but from my perspective, $180 is the line that separates a potential multi-year bull market from the risk of one final capitulation. Like and follow for more Elliott Wave and macro crypto analysis.

NEAR Protocol [$NEAR] Weekly TF EWP Crypto Analysis FIB TC NEAR PROTOCOL: One More Flush Before the Next Multi-Year Bull Market? Since peaking during the 2021 bull market, NEAR has, in my view, been developing a large corrective sideways combo rather than a completed bear market. Instead of a simple ABC correction, price has spent years building a complex structure that has consumed both time and price—a hallmark of many mature Elliott Wave corrections. My preferred count suggests that this macro correction is now entering its final chapter. The recent recovery appears to be Wave (4) of the last impulsive decline. While this rally has improved sentiment, I believe it is more likely to be a counter-trend move than the beginning of a new secular bull market. If this interpretation is correct, one final Wave (5) should complete the entire corrective structure. The area between $0.42 and $0.52 stands out as the most attractive accumulation zone. It aligns with the lower boundary of the long-term descending channel, historical support, and Fibonacci confluence. A final capitulation into this region would fit the Elliott Wave principle of ending corrections with maximum pessimism, potentially providing the foundation for the next multi-year advance. Should Wave (5) complete as anticipated, the entire X wave of the sideways combo would be considered finished. At that point, the focus shifts from surviving the correction to identifying the birth of a new impulsive structure. A confirmed breakout above the multi-year descending trendline would provide the first technical evidence that the macro trend has turned. From there, the previous all-time high around $22 becomes a realistic long-term objective—not as an immediate target, but as a potential destination over the course of the next primary bull market. As always, Elliott Wave analysis is a framework of probabilities, not certainties. This is my primary count, and I will adjust it if price action invalidates the structure. Until then, I remain patient and continue to view any final weakness as part of the broader accumulation process rather than a reason to abandon the long-term thesis. “The market often looks its weakest just before it begins writing its strongest chapter.” Like and follow for more Elliott Wave and macro crypto analysis.

EURUSD: Climbs an Ascending Channel – Can Buyers Extend Rally?Hello everyone, here is my breakdown of the current EURUSD setup. Market Analysis EURUSD previously traded inside a range before breaking below support, confirming a bearish shift. After forming a rounding top beneath the long-term descending trendline, price declined into the 1.1400 Support Zone, where buyers stepped in and started a recovery inside an ascending channel. Currently, EURUSD is trading above the 1.1400 Support Zone while remaining below the 1.1470 Resistance Zone. The recovery continues within the rising channel, with price gradually approaching the key resistance area. My Scenario & Strategy As long as EURUSD holds above the 1.1400 Support Zone and respects the ascending channel, the bullish scenario remains valid. A continuation higher could push price toward the 1.1470 Resistance Zone (TP1). However, if EURUSD breaks below the 1.1400 Support Zone and loses the channel support, the bullish outlook would weaken and sellers could regain control. That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.

Gold Weakens After Channel Breakdown – Watching 4,000$ Support Hello traders! Here’s my technical outlook based on the current XAUUSD (1H) chart structure. XAUUSD previously traded inside a rising channel after reversing from the 4,000 Buyer Zone. The recovery remained constructive until price reached the 4,100 Seller Zone, where strong resistance triggered a rejection and ended the short-term bullish momentum. Currently, XAUUSD is trading below the 4,100 Seller Zone while holding above the 4,000 Buyer Zone. Price has broken below the ascending support line, signaling weakening bullish momentum and increasing the probability of a deeper pullback. As long as XAUUSD remains below the 4,100 Seller Zone, the bearish scenario remains valid. A continuation lower could push price toward the 4,000 Buyer Zone (TP1), where buyers may attempt to regain control. Please share this idea with your friends and click "Boost" 🚀

AUDUSD AUD/USD H4 – Bullish Continuation Setup Price continues to respect the ascending channel, maintaining a sequence of higher highs and higher lows, which keeps the short-term bullish structure intact. The current area of interest is the highlighted supply/resistance zone around 0.6950–0.6955. A clean break and close above this level would confirm bullish continuation and could open the path toward the next major resistance near 0.6995–0.7000. Should price reject this resistance, I expect a healthy pullback into the highlighted demand zone and the channel support. As long as buyers defend this region, the overall bullish bias remains unchanged, and the pullback may present a higher-probability continuation entry. Key Levels Resistance: 0.6955 → 0.6995 Support: 0.6920–0.6935 Bias: Bullish while price remains above channel support. Trade Idea I'm waiting for either: A confirmed breakout and retest above resistance for continuation, or A rejection followed by a retracement into demand before looking for long opportunities. As always, patience is key—let price confirm the next move rather than anticipating it. This is my technical analysis based on current market structure and is not financial advice. Always manage your risk accordingly.

by blackgold_inc

BICONOMY [$BICO] Weekly TF Crypto Analysis FIB TC EWP ALGO BICO/USD – The Definition of an Asymmetric Gamble Coin Biconomy has been trapped in a relentless multi-year bear market, losing more than 99% from its all-time high. Price continues to respect the long-term descending channel, and there is still no confirmed evidence that the macro trend has reversed. That said, markets don’t need good fundamentals to produce extraordinary percentage moves. They only need exhausted sellers, improving liquidity and renewed speculation. My interest begins around 1¢, where price approaches the lower boundary of the long-term channel and a major historical support cluster area. This is not a prediction that the bottom is in. It is simply the point where I believe the risk/reward becomes heavily skewed in favour of the bulls. If Bitcoin enters another strong expansion phase and capital rotates into small-cap altcoins, even deeply damaged projects can experience explosive rallies. A move from one cent to several multiples is far more realistic than most people think. Whether OMXSTO:BICO can reclaim former highs is another question entirely. This is not an investment. It is an ALGO trade with predefined risk. Plan: • Entry: around $0.01 • Thesis invalidation: a sustained breakdown below support. • Thesis confirmation: a breakout above the macro GZ at $1.57 • Profit target: $150 (algorithmic TP) Yes, the target looks absurd from today’s price. That’s the point. I don’t need to believe it will happen—I only need an algorithm that tells me when to get in and when to get out. Remember: the probability of success may be low, but the payoff is enormous if the market decides to price in another altcoin mania. That’s what asymmetric trades are all about. Not financial advice. Always do your own research and manage your risk. Like and follow for more Elliott Wave and macro crypto analysis.

AVALANCHE [$AVAX] Weekly TF Elliott Wave Crypto Analysis FIB TC AVAX update: My bearish outlook from February has played out almost exactly as anticipated. Price has remained inside the long-term descending channel, while the Wave C decline has continued to unfold toward the Fibonacci Golden Zone between $5.18 and $6.11. This is the area I’m watching most closely. If my Elliott Wave count is correct, AVAX should be approaching the final stages of this macro correction. That doesn’t necessarily mean the low is already in—Wave C could still extend slightly lower or produce a final capitulation before reversing—but the risk/reward for long-term investors is becoming increasingly attractive, with an ALGO TP at almost $500. The first meaningful confirmation of a trend reversal would be a sustained move back above the descending channel and a reclaim of the major swing highs. Until then, I continue to view rallies as corrective within the broader bearish structure. Like and follow for more Elliott Wave and macro crypto analysis.

WTICOUSD 1H: The Gap-Fill Liquidity Run (Short Setup) 1. Market Context On the 1H chart, Oil is trading within a dominant descending parallel channel. After a minor consolidation near the upper boundary, the price is executing a clean breakdown below the local support level at 70.103. This breakdown officially opens the door for a high-probability run to fill the historical gap down to the 68.107 level. 2. Sentiment & Price Trap Analysis • The Retail Buyer Trap: Retail traders aggressively bought the local support around 70.500 to 71.000, expecting a bullish rebound toward the channel's upper boundary. Their stop losses (sell stops) are clustered heavily inside the unfilled gap zone, right below the key support floor of 70.103. • The Gap Magnet & Liquidity Run: Unfilled gaps act as massive liquidity magnets because institutional algorithms seek to clear price inefficiencies. As the breakdown below 70.103 triggers the first wave of buyer stop-losses, the forced liquidation of these long positions will accelerate the downward momentum, driving the market straight into the core liquidity pool. 3. Trade Setup We target a high-probability short entry to ride the liquidation momentum of trapped buyers into the gap-fill zone. • Entry: 70.067 (Selling the breakdown of the gap trigger/local support) • Stop Loss (SL): 72.019 (Placed safely above the local consolidation high and trendline confluence) • Take Profit (TP): 68.107 (Targeting the complete fill of the historical gap / lower support) • Risk-to-Reward Ratio (R:R): Approx 1:1

EURUSD BUY DAILY 20 EMA , REJECTION CANDLE BEARISH ENGULFING weekly and daily are bearish price is under 20 week ema, 20 day ema. now the level i have got marked on the chart has been a long term support level on the daily and it was just recently broken and we have had this slide down here, now we have had this bullish correctional move where the market has come back up and retest the 20 day ema dynamic resistance and respected it as resistance, in trending condition this is ideally where we want to see price action reversal signals to form because it is a key turning point within a trend the long upper tail on the the candle that is signalling to us that the move into higher prices were rejectedback down by the bears ENTRY>>> now to enter this trade is going to use the retracement entry method, i have already planned out to enter here where prices retraced back up to the rejection candle and retest the 20 day ema, i place my stop few pips above the rejection candle high with a few extra pips added to it to cover the full risk of rejection candle setup, so i know my stop is at a level where if it is hit the whole trade was wipe out and i want to get out anyway because the trade is not working ENTRY>>>

by ekhalekha247

COSMOS [$ATOM] Weekly TF Elliott Wave Crypto Analysis FIB TC ATOMUSD – Weekly | Is the Multi-Year Correction Approaching Completion? Since the 2020 low, ATOM completed a textbook five-wave impulsive advance, peaking at $32.24 in 2021. From an Elliott Wave perspective, I view this entire advance as the larger-degree Wave A/1. The decline that followed appears to be unfolding as an expanded flat correction: * Wave A: Three-wave decline from the 2021 high. * Wave B: Three-wave rally exceeding the origin of Wave A, creating the expanded flat. * Wave C: Currently developing as a five-wave impulse to the downside. Price is now progressing through what I count as the final stages of Wave (5) of C, bringing the entire corrective structure close to completion. The primary support zone lies around the previous cycle low near $1.11, where a potential double bottom could form. However, expanded flats frequently produce deep C waves, so an extension toward the 23.6% Fibonacci extension around $0.50 remains a realistic alternative before the correction is fully exhausted. Several technical factors are beginning to converge: • Completion of a five-wave bearish sequence within Wave C. • Price testing the lower boundary of the long-term descending channel. • Weekly RSI approaching historically oversold levels. • Increasingly attractive long-term risk/reward. If this wave count proves correct, the next major move should be the beginning of a new impulsive advance capable of reclaiming key resistance levels over the coming years. Initial confirmation would come from a decisive recovery above the former support zone around $3.60, while longer-term Fibonacci targets extend considerably higher. As always, Elliott Wave analysis is based on probabilities rather than certainties. A sustained move below the projected support area would favour the alternate scenario, with Wave C extending toward the $0.50 region before a durable bottom is established. Current bias: Long-term bearish trend approaching exhaustion, with a high-probability reversal zone developing between $1.11 and $0.50. Like and follow for more charts like this.

$BBIO * BRIDGEBIO PHARMA TC FIB EWP DAILY TF ANALYSIS The chart is suggesting that NASDAQ:BBIO is in the process of a Wave 4 correction, which should push the price lower in the short term. The correction appears to be reaching support levels near $18 or $17, which could be a good area for a reversal. If the correction holds these levels, the next move could be a Wave 5 rally, targeting around $61 and above, based on previous wave structures and Fibonacci extensions. The RSI is not yet in oversold territory, meaning there could still be some downside left in the current corrective wave before a reversal. The technical analysis indicates a temporary pullback in NASDAQ:BBIO stock, but with strong bullish potential in the medium term, aiming for new highs if the correction finds support around the $17-$18 level. The projected Wave 5 could bring significant upside momentum, potentially reaching up to $73.50

LITECOIN [$LTC] EWP TC FIB ANALYSIS WEEKLY TF LTCUSD – The final shakeout before the next impulsive cycle? Litecoin continues to respect the larger structural roadmap. Price is now approaching the confluence of long-term channel support, historical horizontal demand, and the projected termination zone of the current Elliott Wave decline. The primary count still favours the market completing wave (5) of C, ending the entire corrective structure that has been unfolding since the 2021 peak. What makes this area particularly interesting is the convergence of multiple technical factors: • Long-term channel support. • Major horizontal support around the 2017 breakout region. • Fibonacci confluence. • Extremely depressed long-term RSI readings. • Sentiment towards Litecoin close to multi-year lows. Could price briefly overshoot support? Absolutely. Markets often do. Elliott Wave analysis identifies probability zones—not exact turning points. If this count remains valid, the reward-to-risk profile improves dramatically as downside potential becomes increasingly limited relative to the upside. The larger objective remains unchanged: once the corrective structure is complete, Litecoin should begin a new impulsive advance capable of exceeding the 2021 highs. My long-term projection continues to target the ALGO TP near $1,860. As always, invalidation exists. A sustained breakdown beyond the projected support cluster would require a reassessment of the wave count. Until then, I continue to view weakness as the final chapter of a much larger accumulation process rather than the beginning of a new secular bear market. Like and follow for more charts like this.

AUDNZD - WAITING FOR SHORTS 1. WEEKLY - We can see rejections and a big engulfing candle - Price is at a strong resistance level, previously tested as support in 2010 and 2013 (white box) 2. DAILY - We can see CHOCH by price breaking previous lows with multiple bearish candle - Price is currently pulling back to marked AOI (yellow box) - Waiting for rejections and engulfing candle at AOI 3. 4HR - Looking for CHOCH at AOI 3. 1HR - Once all confirmations are hit, enter trade and set TP and SL on 4HR TF

NZDJPY - Recovery Meets an Intermediate Supply Zone!NZDJPY continues to respect its long-term bullish structure, with the blue ascending channel guiding price action for an extended period. The recent rebound from the lower channel support has kept buyers in control, allowing price to push higher toward the next technical obstacle. ⭕Before reaching the upper boundary of the channel, price is now testing a smaller supply zone where sellers may attempt to slow the current advance. If rejection develops, lower timeframes could provide opportunities to look for short setups. ⭕A decisive break above this supply zone would suggest that buyers remain in control, shifting attention toward the upper boundary of the ascending channel, where it aligns with the higher red supply area. The reaction from this supply zone may provide a better indication of whether the current rally needs a short-term pause, or if buyers are ready to continue pushing toward the next major resistance. ⚠️ Disclaimer: This analysis reflects my personal market view and is not financial advice. Rayan Nasser #NZDJPY #NZD #JPY #Forex #TechnicalAnalysis #PriceAction #Trading #MarketStructure

Can Bulls Clear 7555?Hi everyone!🌴☀️ Yesterday I published a detailed SPX analysis where I mentioned: "Given the current technical structure, I believe the most likely scenario is a continuation toward the all-time high at 7625, provided the U.S.–Iran conflict does not escalate further and instead remains stable or gradually de-escalates." ✅So far, that's exactly what we're seeing, as the market continues to move confidently toward the ATH. ❗️As a follow-up to yesterday's post, I'd like to draw your attention to the market's reaction (highlighted by the red arrows) to the local resistance level at 7555 on the 4H timeframe. I consider this level to be the key factor in determining the next move. 📈💎If SPX breaks above 7555 and manages to hold that level, clearing the all-time high at 7625 should not be a major challenge. In that case, the path toward the next target at 7950 opens up. 📉🧨However, if price gets rejected at 7555 once again or forms another false breakout, there's a high probability we'll see a move back toward the 7450–7500 area, where the 100 EMA and 200 EMA on the 4H timeframe are currently located. If those moving averages are broken with strong momentum, the next key support levels become: 🪓 7300 — Local horizontal support. 🪓 7200 — Area of the 100 EMA (1D). 🪓 7000 — Previous ATH. Peace, everyone! 🌄

by inchartswetrust

BTCUSDT Short: Rejects Supply Line — 61,7K is the Next Target Hello traders! Here’s my technical outlook based on the current BTCUSDT (1H) chart structure. BTCUSDT previously traded below a descending supply line after breaking down from a key resistance area, confirming bearish momentum. Buyers later pushed price into an ascending channel, but the recovery stalled near the 63,300 Supply Zone and the descending trendline. Currently, BTCUSDT is trading above the 61,700 Demand Zone while remaining below the 63,300 Supply Zone. The latest rejection from the trendline suggests sellers are regaining control. As long as BTCUSDT remains below the 63,300 Supply Zone and respects the descending supply line, the bearish scenario remains valid. A continuation lower could push price toward the 61,700 Demand Zone (TP1). Manage your risk!

by heniitrading

EURUSD Search Fuel Before Next Move To 1.1470 Resistance Hello traders! Here’s my technical outlook based on the current EURUSD (3H) chart structure. EURUSD previously traded inside a well-defined descending channel after breaking down from an earlier range, confirming strong bearish momentum. Price later broke below the channel support and the 1.1380 Buyer Zone before finding demand and starting a steady recovery with higher lows. Currently, EURUSD is trading above the 1.1380 Buyer Zone while remaining below the 1.1470 Seller Zone. The recent breakout above former support has improved bullish momentum, and price continues to respect an ascending support line, suggesting buyers remain in control. As long as EURUSD holds above the 1.1380 Support Level and respects the rising trendline, the recovery scenario remains valid. A continuation higher could push price toward the 1.1470 Resistance Level (TP1), where sellers may attempt to regain control. Please share this idea with your friends and click "Boost" 🚀

EURUSD: Triangle Resistance Signals Possible Move Toward 1.1380 Hello everyone, here is my breakdown of the current EURUSD setup. Market Analysis EURUSD previously traded inside a well-defined upward channel before breaking below channel support, confirming a bearish shift in market structure. Price then continued lower inside a descending channel, where sellers maintained control until buyers defended the 1.1380 Support Zone and triggered a recovery. Currently, EURUSD is trading above the 1.1380 Support Zone while remaining below the 1.1470 Resistance Zone. Price is consolidating inside a symmetrical triangle, with the upper boundary acting as dynamic resistance and limiting further upside. My Scenario & Strategy As long as EURUSD remains below the 1.1470 Resistance Zone and continues to respect the triangle resistance line, the bearish scenario remains valid. A rejection from current levels could push price back toward the 1.1380 Support Zone (TP1). However, if EURUSD breaks above the triangle resistance and secures a move above the 1.1470 Resistance Zone, the bearish outlook would weaken and a stronger bullish continuation could develop. That’s the setup I’m tracking. Thank you for your attention, and always manage your risk.

XAGUSD 4H: Channel Breakout & Short Squeeze Plan (Long Setup)1. Market Context On the 4H chart, Silver is currently trading near the upper boundary of a major descending parallel channel. After a deep liquidity sweep at the local bottom where selling pressure exhausted (marked by the "No Buyer" signal near 57.081), the price initiated a strong recovery. It is now consolidating right beneath the critical descending trendline and the key horizontal resistance levels. We are waiting for a confirmed breakout to trigger an explosive upward move. 2. Sentiment & Price Trap Analysis • The Trendline Seller Trap: Throughout the downtrend, retail traders have aggressively shorted every touch of the upper trendline (marked "Seller"), expecting the bearish structure to hold. This massive retail selling activity has clustered a heavy pool of buy-stop liquidity (stop losses) directly above the trendline and the horizontal resistance zone at 61.606 - 63.377. • The Breakout Catalyst: A decisive 4H candle close above the trendline (marked "Break Signal") will instantly trap these late sellers. As their buy-stop orders are triggered, the forced liquidation of short positions will act as rocket fuel, accelerating the bullish momentum rapidly. • The Institutional Support: Strong buying demand is waiting at the lower key support zones (marked "Buyer Wait Here"). These buyers are ready to defend the breakout structure on any potential pullbacks, confirming that the path of least resistance is now to the upside. 3. Trade Setup We target a high-probability long entry on a confirmed breakout of the descending channel to exploit the trapped sellers' exit momentum. • Entry: 60.419 (Buying the confirmed breakout close above the trendline / Break Signal) • Stop Loss (SL): 57.081 (Placed safely below the local accumulation bottom) • Take Profit (TP): 70.604 (Targeting the major overhead structural resistance zone) • Risk-to-Reward Ratio (R:R): Approx 3:1