🟢 $PRLUSDT — possible bounce setup

Price had a strong 1H bearish structure: each candle updated the low, while highs stayed below previous highs.

The latest closed 1H candle failed to make a new low, while the previous high is still holding.

If price updates the last low again, the bounce idea is cancelled. Stop is below the last low.

Fibonacci range: full 1H drop move, from max high to min low of the whole series.

Plan by Fibonacci retracement:
Entry zone: 0.1999 - 0.197704
Stop: 0.1955082
TP1 Fib 0.236: 0.2017528
TP2 Fib 0.382: 0.2053736
TP3 Fib 0.5: 0.2083
TP4 Fib 0.618: 0.2112264

Series: 5 candles
Move: 11.24%
Timeframe: 1H
Extreme candle wick filter: max 3.5%

Educational setup example. Not financial advice.

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