Reversal structure forming after higher low breakout on $ATH

Trade Plan

Entry

$0.00590 to $0.00605

Stop Loss

$0.00545

Take Profit 1

$0.00650

Take Profit 2

$0.00710

Take Profit 3

$0.00780

Why this setup

Price has formed a clear higher low on the 4H timeframe and is now breaking above short term resistance with increasing bullish momentum. Sellers are losing control and structure is shifting in favor of buyers. As long as price holds above the $0.00580 zone, continuation toward higher resistance levels is likely.

Debate question

Will ATH build a sustained trend above $0.00650 or face rejection near the previous supply zone?

Buy and Trade $ATH

ATHUSDT

Perp

0.005872

-2.94%