Current Market Conditions (Confidence Level: 7.5/10):
*Price at $0.17931, showing neutral-bullish structure after recent breakout above PDL.
*Hidden bullish divergence spotted on RSI, indicating strength beneath the surface.
*Smart Money accumulating heavily within discount zone ($0.15 – $0.16), supporting bullish bias.
Trade Setup (Long Bias):
Entry: $0.1790 – $0.1795 zone.
Targets:
T1: $0.1840
T2: $0.1920
Stop Loss: $0.1760 (below recent PDL).
Risk Score:
7/10 – Strong volume support at current levels but minor risk due to local consolidation near resistance.
Key Observations:
Break of structure signals start of markup phase.
Volume profile supports accumulation-to-expansion transition.
Strong support confirmed at $0.1760 zone, aligning with previous discount accumulation.
Momentum building above PDL suggests breakout has legs.
Recommendation:
Long positions favored within entry zone with tight stop loss below $0.1760.
Consider securing partial profits at $0.1840 and allowing runners towards $0.1920.
Monitor price action closely around $0.1840 for potential continuation or rejection signals.