I’m looking at a pretty sharp intraday move here. Price is currently hovering around 2.299 after tagging a local high near 2.303 earlier in the session, but it's still down over 4.5% on the day.

For me, the key zone to watch is right here under the MA60, which is currently sitting at 2.291. Price has managed to reclaim this level for the moment, and I’d like to see it hold as support if we’re going to push back toward the highs. If we can see sustained momentum on the volume bars and clear this immediate 2.303 resistance, the setup gets a lot more attractive.

However, the risk is that this recent spike is just a lower-high within a broader downtrend. If the buyers don't step in here and we lose this moving average, it could quickly unwind. I'm waiting for a clean reaction before committing.

📍 Entry: 2.291 - 2.299
🎯 TP1: 2.303
🎯 TP2: 2.317
🎯 TP3: 2.439
🛑 Invalidation: 2.268

If price loses 2.268, I’d step away from this setup because that would invalidate the current short-term structure and likely lead to a retest of the broader lows.

I’m watching the reaction here rather than forcing an entry. Confirmation matters more than chasing the move.