๐จ $IN Strategy: The Resistance Fade Snipe
The bounce into the $0.067 - 0.070 zone lacks institutional conviction. We are sniping the rejection as the trend confirms a "Lower High" structure, targeting the liquidity pools sitting below the recent support.
Entry Zone: $0.0655 - 0.0699 (Short focus on stalling candles)
TP1: 0.0605 (Local Support Retest)
TP2: 0.0555 (Psychological Support)
TP3: 0.0505 (Major Liquidity Sweep)
Stop Loss: 0.0740 (Hard Exit above the recent swing high)
Trade Logic:
Price is currently trading in a "Death Cross" environment on lower timeframes, failing to sustain closes above the key EMAs. The RSI has cooled off from oversold levels but remains in a bearish regime. Notice the shrinking volume bars on the green candlesโthis indicates that the move is purely driven by retail "dip buying" rather than whale accumulation. Expect a rollover as the 0.070 supply zone holds firm.
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