$FORM /Possibility of Bullish Reversal
Formation of a notable base.
Slowdown of the downtrend.
Consolidation with level support.
After a sharp correction from $2.79 to $2.06,
it is now forming a strong base around the $2.40 area.
The ongoing sideways movement with small green candles on the 4-hour chart indicates a potential shift in momentum.
Buy Setup
Entry Area: $2.42 – $2.46
Take Profit (TP):
1 :$2.53
2 :$2.63
3 :$2.70
Stop Loss (SL): $2.35
Market Outlook:
A breakout above $2.46 with sustained volume could lead to a reversal towards $2.60+.
Watch for confirmation of the bullish trend when the next candle closes above resistance.
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