We are sitting at a major inflection point here
If you’ve been waiting for an entry, this is the zone to watch.
Price has bled out significantly since the August highs (rejecting hard from $0.20+)
This looks like a classic "falling wedge" bottom formation.
We’ve swept the lows, and now we are seeing a relief bounce.
The volume profile is showing some life again.
· Entry: Current Market Price ($0.0970) or a small bid at $0.0950 if you want to catch a wick.
· Stop Loss (SL): Strict SL at $0.0890. If we lose the recent low, this setup is invalid.
· Take Profit (TP):
· TP1: $0.115 (Local resistance)
· TP2: $0.130 (Mid-range fill)
· TP3: $0.150 (If we get momentum)
$OPEN
If you’ve been waiting for an entry, this is the zone to watch.
Price has bled out significantly since the August highs (rejecting hard from $0.20+)
This looks like a classic "falling wedge" bottom formation.
We’ve swept the lows, and now we are seeing a relief bounce.
The volume profile is showing some life again.
· Entry: Current Market Price ($0.0970) or a small bid at $0.0950 if you want to catch a wick.
· Stop Loss (SL): Strict SL at $0.0890. If we lose the recent low, this setup is invalid.
· Take Profit (TP):
· TP1: $0.115 (Local resistance)
· TP2: $0.130 (Mid-range fill)
· TP3: $0.150 (If we get momentum)
$OPEN