I am a crypto trader with strong focus on futures and spot markets. I closely monitor price charts, market trends, and news to make informed trading decisions.
Price trading well above EMA 200 confirming macro bullish bias
Short-term EMAs fanned out showing high momentum expansion
RSI overbought, elevated continuation risk with pullback probability
Likely in price discovery phase after breakout
Structure shows higher highs and higher lows Sustained hold above 4.150 keeps bullish structure intact
Large expansion candle indicating strong breakout
Vertical rallies often followed by consolidation or sharp correction Daily close above 5.000 strengthens continuation toward 5.500 Failure to hold above 4.000 increases retracement probability
High and Bottom Local High: 4.896 Recent Swing Low: 3.762 EMA 25 Support: 4.156 EMA 50 Support: 3.988
Support and Resistance Immediate Resistance: 4.896 Psychological Resistance: 5.000 Extension Resistance: 5.250 Major Resistance: 5.500