═══════════════════════════════════════════════════
$118 ├─────────────●───────────────┐ Previous High
│ ↓ Sharp Sell-off│ (Resistance)
│ ↓ │
$115 ├─────────────────●────────────┤ Key Resistance
│ ↓ │ (Reclaim = Bullish)
│ ↓ │
$108 ├────────────────────●─────────┤ Initial Target
│ ↓ Bounce │
$104 ├──────────────────────●───────┤ CURRENT PRICE
│ ↗ │ (Consolidation)
│ ↗ │
│ ███████████ │ DEMAND ZONE
$98 ├────●─────────────────────────┤ (Accumulation Area)
│ ↗ │
$96 ●═══════════════════════════════┤ CRITICAL SUPPORT
↓ │ (Break = Invalidation)
$90 └───────────────────────────────┘ Further Downside Risk
ZONES:
███ = High-Timeframe Demand (96-104)
● = Key price levels
↓ = Sell pressure
↗ = Potential bounce direction
STRATEGY:
✓ Scale in: $96-$104
✓ Target: $108-$115
✗ Invalidation: <$96
⚠️ HIGH VOLATILITY - Use tight risk management
Trade Plan:
Buy Zone: $96–$104 (scale in gradually)
Profit Target: $108–$115
Stop Loss: Below $96
Confirmation: Reclaim $115–$118