$TKO $TKO 8h Read: - Given the strong bearish trend but also recent liquidity sweep below the last swing low, I expect a short-term bounce or retracement toward the 0.0487–0.0498 region, possibly even to 0.0540 if momentum picks up, before sellers could step in again.
- Example long setup: Wait for a bullish reversal candle (like a pin bar or strong engulfing) on the 8h or lower timeframes above 0.0470, then enter a long targeting 0.0487, 0.0498, and possibly 0.0540. Place your stop-loss below the swing low at 0.0442 or 0.0448, depending on your risk appetite.
- Example short setup: If price rallies and rejects from 0.0498–0.0540 with a bearish engulfing or reversal formation, that’s a potential short entry back to 0.0485 or 0.0470, with stop-loss above the most recent swing high.
- Always wait for confirmation: Look for clear reversal signals or trend continuation patterns before entering. If you see a fakeout or manipulation above the most recent high (0.0556), that could be a high-probability short if price quickly rejects that area.
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