$FHE My bias is Long, but this rally needs to breathe. We're not chasing this. This is a classic breakout-and-rest scenario.
HTF Narrative (4H/1D): This is a powerful trend reversal. Price has erupted from a long-term base, blasting through all major EMAs with conviction. The Supertrend flipped bullish way back at 0.19355. The structure is now definitively higher highs and higher lows. The 30-day performance confirms this is a structural shift, not a fluke.
LTF Execution (15M/1H): The momentum is exhausted. The 1H RSI touched 70.6 (overbought) and is now cooling off near 55. We're seeing low-volume, sideways chop after a high-volume breakout—this is bullish consolidation, not distribution. I'm waiting for a pullback to the new support confluence: the 1H EMA(50) ~0.128 and the breakout retest zone of 0.125-0.128.
Market Psychology: The crowd is euphoric, FOMO-ing at the top after a +30% green candle. They are buying the narrative of continuation without a pause. Smart money is lightening longs here, ready to reload lower. The order book shows more ask pressure (59.58%), confirming profit-taking at these levels.
Trade Idea: Buy The Healthy Pullback
· Bias: Long
· Entry Zone: 0.125 - 0.128 (Retest of 1H EMA(50) & breakout level)
· Stop Loss: 0.120 (Invalidates the higher low structure)
· Take Profit 1: 0.142 (Recent consolidation high)
· Take Profit 2: 0.161 (Upper Bollinger Band projection)
· Risk/Reward: ~1:3
· Invalidation: A sustained 1H close below 0.120 suggests the breakout has failed and longs are trapped.
Why this works: We're respecting the HTF uptrend but trading the market's rhythm. We let the impulsive move cool off and buy the dip from weaker hands into a zone where the trend should resume. Patience over panic. 📈⚡