$FF
Price just swept liquidity below the range and bounced, but structure is still weak. I’m not chasing highs. I’m waiting for price to respect support and give a clean reaction. Momentum is slowing after the sell-off, which gives a controlled scalp opportunity.
Trade Setup
Entry Zone: 0.0920 – 0.0926
Target 1: 0.0940
Target 2: 0.0960
Stop Loss: 0.0905
Trade Plan
I’m entering near the demand zone formed after the long lower wick. First target is the minor resistance where price previously rejected. Second target is the breakdown area acting as resistance. I’ll secure partial profits at target one and trail the rest.
Why This Works
The sharp drop grabbed sell-side liquidity and showed rejection with a strong wick, signaling buyers defending this zone. Volume spike confirms participation, and price is consolidating instead of continuing the dump. Risk is clearly defined, reward outweighs it, and structure supports a bounce if support holds.
