$PUNDIX $PUNDIX 4h Market Read | finorabot.com
- I expect price action to be choppy and range-bound until a decisive liquidity grab occurs below 0.0740 or a sharp break above 0.0813.
- A high-probability long setup would be to wait for a manipulation below the most recent low of the last swing move (0.0740) and then look for bullish confirmation (like a reversal pattern on the 15m or 1h timeframe).
- Example scenario for a long: If price sweeps under 0.0740, quickly reclaims it, and forms a bullish engulfing or pin bar, enter at the close, targeting 0.0813, 0.0892, and 0.099. Place your stop-loss at the swing low of the move.
- If instead price fails at 0.0813 and shows signs of rejection, you could look for a short down to 0.0791 or 0.0740, but only with bearish confirmation like a lower high and breakdown candle.
- My preferred bias is to wait for a liquidity sweep below 0.0740 for a long setup, aiming for 0.0813, 0.0892, and 0.099, with the stop-loss below the manipulation wick.
- My bias would change to bullish continuation only if price flips 0.0892 into support with strong volume and price acceptance above. A strong close below 0.0740 with follow-through would invalidate the bullish scenario and likely target 0.0592.
📊 Need a second opinion before trading?
Get a free AI analysis on Finora → tinyurl.com/FinoraBot
#PUNDIX