I’m watching $1000000BOB today as it has cleared the hourly 200 EMA and is comfortably above the 21, 35, and 50 EMAs.
After consolidating in an ascending triangle around 0.0688, it broke out with strong volume. The one-hour RSI sits near 65-ish and rising—still below overbought—and both the four-hour and daily RSIs are turning up from neutral. The MACD histogram is positive and widening on multiple timeframes, and price is hugging the upper Bollinger Band—a classic momentum ride.
My Take:
If I were to enter, I’d look for a pullback into the 0.0835–0.0858 zone for a cleaner setup, or, if I’m feeling confident, I’d buy on a push above 0.0891 and target 0.095 then 0.10. I’d protect downside with a stop just below the recent swing low at 0.0763, or trail a tighter stop near 0.0830 if I enter higher.
Should the rally fail, I’d consider a short under 0.0830 with a stop above 0.0891, eyeing 0.0763, then 0.0688 and beyond. Either way, I’m ready to follow BOB’s lead.