$1000 is attempting a bullish recovery after defending a key demand zone. Buyers are stepping back into the market, but they still need to break nearby resistance to confirm a stronger continuation.

The recent sell-off found support around the 0.05850 area, where buying pressure quickly appeared. Price is now forming a short-term base with higher intraday lows, showing that buyers are slowly gaining control. If resistance around 0.06500 is cleared with strong volume, liquidity above recent highs could drive the next bullish move.

Trade Setup

Entry: 0.06280 to 0.06420

Target 1: 0.06750

Target 2: 0.07150

Target 3: 0.07500

Stop Loss: 0.06020

How it's possible

The demand zone has held after a strong decline, which suggests selling pressure is fading. Recent candles show improving momentum, and a breakout above the local resistance would confirm that buyers are taking control. Strong trading volume during the breakout would increase the probability of reaching the upside targets. The support level must continue holding to keep the bullish structure intact. If the price closes below the stop loss, the setup becomes invalid and the trade should be exited to protect capital.

Let's go and Trade now