#DanielNadem
Price has spent most of its time compressing tightly around the 1.00 handle, barely moving and soaking up liquidity on both sides. That long period of flat trade tells me there was no urgency from either side — just positioning. The recent move stands out because price briefly pushed above the range, grabbed stops resting above the highs, and then settled back near the key zone. Sellers tried to press it back down, but they couldn’t hold it below parity. That matters. The inability to accept lower prices after liquidity was taken suggests this move is more about accumulation than distribution.
The sharp downside wick into the 0.90 area looks like a clean liquidity sweep. Weak hands were flushed quickly, and price snapped back without hesitation. That kind of response usually doesn’t happen in weak markets — it shows passive buyers were waiting.
---
Market Read
Right now, I’m watching how price behaves above the 1.00–0.995 demand zone. Structure is neutral-to-slightly constructive as long as higher lows continue to form on the intraday view. Momentum isn’t aggressive, but it’s steady, which fits this kind of pair. As long as price holds above the reclaimed level and doesn’t drift back into the prior range with acceptance, buyers remain in control.
A clean hold above 1.00 keeps the door open for continuation. Failure to hold it, especially with volume expanding to the downside, would shift the read back to balance.
---
Levels
Entry Point:
0.998 – 1.002
Targets:
TP1: 1.010
TP2: 1.020
TP3: 1.035
Stop Loss:
0.989 (clean acceptance below this invalidates the idea)
---
How it’s possible
Liquidity was taken aggressively below the range, and price didn’t spend time down there. That tells me the sell-side move was more about clearing orders than real bearish intent. Once those weak hands were flushed, price reclaimed structure and returned to value. If buyers continue to defend this zone, continuation higher makes sense as price seeks the next pocket of liquidity above recent highs.
