Structural Shift:
Price reclaimed the key 1D S/R + BOS (Break of Structure) level, signaling a major trend change from bearish to bullish.
Trend Confirmation:
The move above $1.48–$1.50 zone confirms a bullish market structure. This level is now strong support.
Accumulation Opportunity:
The area between $1.65–$1.50 is ideal for spot accumulation, as it aligns with the reclaimed BOS and the lower edge of the bullish structure.
Upside Targets:
If the bullish structure holds, price could target $1.66 (local resistance), with the next targets at $1.85, $2.14, and potentially higher if momentum continues.
Invalidation:
A break and close below $1.48 would invalidate this bullish scenario and signal a return to the previous range.
The reclaim of the BOS level, with a shift above 1D S/R, marks a clear bullish structural flip on the chart. Historically, such shifts create strong accumulation zones just above the reclaimed level, where risk/reward is best for spot buys. Buying into the $1.65–$1.50 range aligns with both trend-following and classic Smart Money concepts: enter after the structural confirmation, not before. Invalidation is clear below $1.48, where structure would flip bearish again.
Price reclaimed the key 1D S/R + BOS (Break of Structure) level, signaling a major trend change from bearish to bullish.
Trend Confirmation:
The move above $1.48–$1.50 zone confirms a bullish market structure. This level is now strong support.
Accumulation Opportunity:
The area between $1.65–$1.50 is ideal for spot accumulation, as it aligns with the reclaimed BOS and the lower edge of the bullish structure.
Upside Targets:
If the bullish structure holds, price could target $1.66 (local resistance), with the next targets at $1.85, $2.14, and potentially higher if momentum continues.
Invalidation:
A break and close below $1.48 would invalidate this bullish scenario and signal a return to the previous range.
The reclaim of the BOS level, with a shift above 1D S/R, marks a clear bullish structural flip on the chart. Historically, such shifts create strong accumulation zones just above the reclaimed level, where risk/reward is best for spot buys. Buying into the $1.65–$1.50 range aligns with both trend-following and classic Smart Money concepts: enter after the structural confirmation, not before. Invalidation is clear below $1.48, where structure would flip bearish again.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.