ASM Chart Thread, page-11451

Looking Deeper into the Numbers: A Bullish Setup?

Good morning! While it’s true that resistance is sitting at .535 and we’re keeping an eye on .52 support, there’s a bigger picture to consider. The price action has been showing strength, with higher lows building a solid foundation. Closing over .55 isn’t just a possibility—it’s a strong probability given the underlying momentum and recent buying interest.Even if we dip slightly, this could be a classic case of shaking out weak hands before a strong push upward. The EMA levels might be tested, but they’ve been strong indicators of upward reversals recently. We could very well see a surge as buyers step in to capitalize on any minor dips.Let’s not forget the broader market trends and the upcoming catalysts that could easily push us well beyond the current resistance. A close over .55 could set the stage for a breakout to .609 and beyond.It’s a long day indeed, and with the right momentum, we might just see the bulls take control and drive this higher. Keep an eye out for that upward pressure—this could be a day of opportunity.Have a great day, and let’s see where the momentum takes us!