The currency $CC has experienced a strong recovery from the level of 0.06866 after a deep liquidity withdrawal, which liquidated the weak hands of speculators on the 15-minute timeframe. This type of sharp tail usually indicates that market makers are gathering liquidity before reversing the trend. After the withdrawal, buyers pushed a strong green candle above 0.07200, confirming that demand is still active.
Support areas sit at 0.07010 (secondary) and 0.06866 (primary). Meanwhile, resistance levels are at 0.07390 and 0.07520, which are the areas where the price previously stopped. Given that the momentum has reversed upwards quickly with an increase in trading volume at the bounce, the Long Scalp trade looks to have better odds. The fundamentals are neutral, but the overall sentiment is improving after sellers exited in a panic, leaving room for a short-term bullish push.
✅ Entry signal for a Long Scalp trade
Entry area: 0.07200 – 0.07250
First target (TP1): 0.07380
Second target (TP2): 0.07510
Stop loss (SL): 0.07010
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