The 4H trend is showing signs of slowing down and forming a potential support zone. Prices have shown a positive reaction after hitting recent lows, creating an opportunity for a short-term recovery.
The main triggering signal comes from the 15m timeframe. After creating a bottom at the 86,978 level, prices have bounced back and are currently trading just above the EMA(7) line. More importantly, the RSI indicator is gradually moving up and is preparing to cross above the 50 mark. RSI crossing above 50 will be an early confirmation that buyers are regaining control in the short term. The logic for entering a trade now is to catch a technical recovery from a strong support zone, expecting prices to retest resistance levels at higher EMA lines such as EMA(25) and EMA(99). The bearish momentum has clearly weakened, creating a counter-trend trading setup with an attractive risk/reward ratio.
Actionable Setup Now (LONG)
Entry: market at 87,580
TP1: 87,810
TP2: 88,250
TP3: 88,450
SL: 86,950
##USCryptoStakingTaxReview #BTC
