🔍 Technical analysis
1. General trend
Current trend: Up. The price broke previous structural highs indicating a clear shift from a downtrend to an uptrend.
Previous trend: Down until the beginning of April 2025.
Confirmation of reversal: Appearance of a change of character (CHoCH) in April confirms the bullish reversal supported by institutional movement.
2. Key levels
Supports:
145–140 USD: Previous reversal area and new support.
120 USD: Important structural support at the 50% Fibonacci level.
105–100 USD: Old accumulation zone, and previous weak low.
Resistances:
180–175 USD: Direct resistance and strong supply area.
190 USD: Next resistance after the breakout.
220 USD: At the 61.8% Fibonacci level (medium-term resistance).
260–300 USD: Major supply area and strong previous peak.
3. Momentum
Recent movement: Strong upward momentum with long bullish candles.
Momentum hints:
Relative Strength Index (RSI) is likely in the overbought area (not visible on the chart).
We may see a correction before continuing upward.
4. Strong support and resistance areas
Supports:
145 USD: Current support.
120 USD: Strong support.
100 USD: Long-term strategic support.
Resistances:
175–180 USD: Current critical resistance.
220 USD: Major resistance from Fibonacci.
5. Liquidity accumulation areas
Below the price:
135–145 USD: Previous pivot area (institutional support).
100–120 USD: Smart accumulation areas via 'smart money'.
Above the price:
180–190 USD: Unactivated liquidity may attract the price.
250–300 USD: Huge liquidity area for the future.
6. Safe entry and exit areas
Potential entry areas (Buy):
145–150 USD: After correction, low-risk buy.
120 USD: Strong entry area for investors.
Take profit areas (Exit):
175–180 USD: Partial profit-taking.
220 USD: Medium target.
250–260 USD: Long-term target.
Stop loss areas:
Clear break below 135 USD = Cancellation of the bullish scenario.
120 or 105 USD = Critical stop loss for long positions.
7. Additional follow-up areas
176.07 USD: Current peak - Monitor price behavior around it.
160–165 USD: Possibility of forming new support.
Trading volume: Watch for a decrease in buying volume at resistance, which may indicate buyer weakness.
8. Impact of market makers and smart money
A series of structural breakouts (BOS) and changes of character (CHoCH) indicate institutional intervention.
Withdrawing liquidity from weak lows (around 100 USD) in April in preparation for the launch.
The recent rise may be driven by attracting late liquidity around 175–180 USD.
9. My recommendations
For short-term traders:
Wait for a correction towards 145–150 USD to enter.
Profit-taking at 175–180 USD.
For medium-term traders:
Entry at 135–145 USD.
Targets: 190 then 220 USD.
Stop loss: Below 135 USD.
For long-term investors:
Gradual buying from 145 to 120 USD.
Final targets: 250–300 USD.
Stop loss below 100 USD.
Risk management:
Use a clear stop loss.
The risk-to-reward ratio is no less than 2:1.
