$TAKE
$TAKE 12h Read: | finorabot.com - The overall trend remains bearish, but since the price is consolidating close to the recent swing low, a sweep below 0.01376 followed by a quick recovery and clear bullish reversal pattern could be a great opportunity for a long setup. In this scenario, I'd look to enter after a strong bullish candle, targeting first 0.01562, then 0.01671, and a stretch target at 0.01756. Stop-loss should be placed just below the swing low at 0.01376.
- If the price fails to recover above 0.01469 after a sweep, then the bearish trend is likely to continue and I'd avoid going long.
- A short setup is also possible if there's a rally into 0.01756 (FVG area) and strong bearish rejection appears. In this case, enter after confirmation with a target at 0.01562 and 0.01469, placing stop-loss above the local swing high.
- Wait for confirmations: Pin bar, engulfing, or clear rejection candles for entry; look for volume spike and a shift in market structure for added confirmation.
- If price starts closing above 0.02058, the bearish trend may be reversing — this would invalidate the bearish expectation.
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#TAKE
$TAKE 12h Read: | finorabot.com - The overall trend remains bearish, but since the price is consolidating close to the recent swing low, a sweep below 0.01376 followed by a quick recovery and clear bullish reversal pattern could be a great opportunity for a long setup. In this scenario, I'd look to enter after a strong bullish candle, targeting first 0.01562, then 0.01671, and a stretch target at 0.01756. Stop-loss should be placed just below the swing low at 0.01376.
- If the price fails to recover above 0.01469 after a sweep, then the bearish trend is likely to continue and I'd avoid going long.
- A short setup is also possible if there's a rally into 0.01756 (FVG area) and strong bearish rejection appears. In this case, enter after confirmation with a target at 0.01562 and 0.01469, placing stop-loss above the local swing high.
- Wait for confirmations: Pin bar, engulfing, or clear rejection candles for entry; look for volume spike and a shift in market structure for added confirmation.
- If price starts closing above 0.02058, the bearish trend may be reversing — this would invalidate the bearish expectation.
📊 Get a free, detailed analysis for any coin on any timeframe.
Try Finora AI — Your Trade Buddy → tinyurl.com/FinoraBot
#TAKE