$B 🐻 Sharp 4.4% Drop on
$B - After this fast and high-volume dump, the trend remains bearish and more downside is possible, especially if price loses 0.1138 and 0.1086.
- If price bounces weakly and fails to reclaim 0.1306 or 0.1348 (watch for rejection and lower high), a new short entry can be considered there, targeting 0.1138 as first target and 0.1086 as second target. For example:
- Enter short if price rallies to 0.1306–0.1348 and gets rejected with a clear bearish candle or lower timeframe reversal.
- Take profit 1 at 0.1138, take profit 2 at 0.1086.
- Stop-loss should be above the swing high that forms before the entry (e.g., above 0.1348).
- If price wicks down to 0.1138 or 0.1086 and shows a strong bullish reversal (pin bar, bullish engulfing, or double bottom on 5m/15m), consider a scalp long toward 0.1222–0.1300, but only if you get strong confirmation!
- If price breaks above 0.1388 and holds, bias flips bullish and the next upside targets would be 0.1400–0.1461.
- Right now, this does not appear to be a solid bottom yet — more downside or choppy price action is likely before a real reversal. Wait for clear confirmation before considering longs; otherwise, wait for a short setup on a bounce.
📝 This is not investment advice, just an educational analysis report. Please use your own judgment and risk management!
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