$FTT 4h | Market Structure
- Price action is ranging and indecisive, but the overall trend remains bearish for now.
- If price sweeps liquidity below 0.2809 and shows a bullish reversal, I expect a move first to 0.2979 and then possibly up to 0.3073.
- If price fails to hold above 0.2844 and breaks 0.2809 with conviction, watch for a further drop toward 0.2739.
- If price manipulates above 0.3073/0.3104 and then sharply rejects, look for a retracement back down to 0.2979 and possibly 0.2844.
- Bias will turn bullish only if price reclaims and holds above 0.3073 with strong momentum and volume.
- Take profit targets: 0.2979, 0.3073 for longs; 0.2844, 0.2809 for shorts.
- Stop-loss should be placed at the most recent swing low for long
trades, or swing high for shorts, depending on which direction the trade is taken.