PMBTECH: potential new ATH
Previously price failed to break ATH 4.39 and has pullback into 261 fibo zone H4.
Price showed strong buy signal after breaking DTL and LH 4.04, forming CB1 buy setup.
Then, price has pullback into Demand zone 3.8-3.83 found in H1 and rebound nicely.
TP1: 4.39-4.49 confluence previous ATH.
If buyer momentum is strong enough, there is a high potential for new ATH at TP2 (4.83-4.95)
Bullish engulfing in Weekly TF provides strong confidence. 💪
Lets monitor closely!
*Personal opinion, trade at your own risk*
Price showed strong buy signal after breaking DTL and LH 4.04, forming CB1 buy setup.
Then, price has pullback into Demand zone 3.8-3.83 found in H1 and rebound nicely.
TP1: 4.39-4.49 confluence previous ATH.
If buyer momentum is strong enough, there is a high potential for new ATH at TP2 (4.83-4.95)
Bullish engulfing in Weekly TF provides strong confidence. 💪
Lets monitor closely!
*Personal opinion, trade at your own risk*
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