Technical analysis by MrHBTrader about Symbol S: Buy recommendation (5/26/2025)

🔹 Market Structure Overview:Ascending Trendline Support:Price continues to respect an ascending support trendline (white and blue), creating a series of higher lows — a bullish structural sign. This trendline has acted as a launchpad multiple times and currently supports price around $0.46.Break of Structure (BOS):A bullish BOS has occurred above local highs, indicating smart money interest and a potential shift in market direction. This BOS is a critical reference for validating bullish continuation.Key Demand Zone:The $0.38 area (green line and orange box) is a strong demand level, previously used as a reaction point. This level aligns with trendline confluence and will be crucial for maintaining upward momentum.Liquidity Events:Multiple liquidity sweeps (highlighted with orange circles) show classic signs of stop hunts below previous lows and highs — behavior often linked with institutional accumulation.🔸 Upside Targets:Target 1: $0.88 – $1.05A well-defined supply zone from previous distribution, likely to act as a magnet if bullish pressure continues.Target 2: $2.80 – $3.40A larger macro imbalance zone, likely to be targeted in a stronger trend expansion phase. This would require sustained bullish structure and volume.🧠 Conclusion:The chart presents a well-structured bullish scenario underpinned by SMC principles. As long as the trendline and $0.38 demand zone hold, bulls are in control. A confirmed breakout above $0.60 would open the path to higher targets, while a break below $0.38 would invalidate the setup and shift the bias bearish.