After the 4H trend gained support in the key demand zone, a bullish rebound structure emerged. The price began a normal pullback after touching the supply zone near 0.1391, providing us with an opportunity to buy at lower levels.
**Trigger Conditions**: The current pullback is an ideal entry point. On the 1H chart, we expect the Relative Strength Index (RSI) to fall back to around the 50 midline and gain support, which is a typical signal for the continuation of momentum in an uptrend. At the same time, the price is also approaching the key short-term Exponential Moving Average (EMA), which is expected to provide dynamic support.
**Trading Logic**: This entry is high probability because we are buying during a healthy pullback after a strong upward movement, rather than chasing the price higher. The price rebounded from a clear demand zone (0.1014), indicating buying strength. The current entry point offers an excellent risk-reward ratio, with the stop loss set below the recent minor support level, while the first target points to the previous high and supply zone.
**Executable Setup ([Long])**
Entry: Market price 0.1188
Take Profit 1: 0.1359
Take Profit 2: 0.1531
Stop Loss: 0.1074
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