#TrendTradingStrategy Continuous rebound - Awaiting confirmation of the breakout...
It rebounded strongly from the support area of 0.00002110, forming strong bullish candles on the 15-month chart. Buyers are leaning towards buying, and if the momentum continues, a breakout above 0.00002300 could lead to a strong upward movement.
Long trading setup:
• Entry area: 0.00002230 - 0.00002250
• Stop loss: Below 0.00002180
• Target 1: 0.00002300
• Target 2: 0.00002390
• Target 3: 0.00002510
Market overview:
Trading volume is increasing, and the structure is trending upwards.
Continuing to move above the level of 0.00002300 will confirm the continuation of the trend.
Watch for the appearance of a rejection wick or a clear retest of the entry area to determine the optimal timing.