On the 1-hour timeframe, price formed a tight range after a strong downtrend. Selling pressure weakened, and buyers started stepping in. A bullish engulfing candle broke the range with high volume, signaling accumulation.
Price then retested the breakout with a wick, confirming strength. Since then, we’ve seen higher highs and higher lows — a clear sign buyers are in control and price is ready to move higher.
Price then retested the breakout with a wick, confirming strength. Since then, we’ve seen higher highs and higher lows — a clear sign buyers are in control and price is ready to move higher.
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