$BROCCOLI714
has already done the painful part. The heavy sell-off flushed weak hands, price dipped deep, and instead of continuing lower, it snapped back with a sharp reaction. Since that bounce, sellers haven’t been able to push it back to new lows. What we’re seeing now is tight, choppy movement around the same zone, which usually means supply is getting absorbed. The higher lows forming after the bounce show buyers are stepping in earlier each time, and that’s often how a base starts building before expansion.
As long as price holds above the recent reaction low, the bias stays on the upside. A clean push above the local range could trigger momentum fast because there’s not much structure left overhead.
Trade setup (long)
entry: 0.0120 – 0.0123
targets: 0.0130
0.0138
0.0146