Pair: $CELR /USDT
Timeframe: 1H
Bias: Long (Counter-trend scalp / Mean Reversion)
Market Structure:
The 1H structure is currently in a bearish downtrend, having printed a clear series of Lower Highs and Lower Lows. However, price has recently swept the previous swing low at 0.002102 (Sell-side Liquidity), forming a potential Wyckoff "Spring" or a Stop Hunt. We are currently seeing a slight CHOCH (Change of Character) on lower timeframes as price attempts to recover from the sweep. This is a counter-trend setup looking for a retracement into premium pricing.
Entry Zone:
· 0.002120 - 0.002135 (Look for a retest of the local demand zone / mitigation of the micro-order block formed after the sweep).
Stop Loss:
· 0.002090 (Strictly below the newly formed swing low of 0.002102. A break below this invalidates the Spring and confirms continuation of the bearish trend).
Take Profit Targets:
· TP1: 0.002180 (Local supply / minor liquidity pool)
· TP2: 0.002220 (Previous structural support turned resistance)
· TP3: 0.002260 (Major 1H Supply / Bearish Order Block)
Risk Reward: Approx 1:3 to 1:4 (Depending on fill)
Timeframe: 1H
Bias: Long (Counter-trend scalp / Mean Reversion)
Market Structure:
The 1H structure is currently in a bearish downtrend, having printed a clear series of Lower Highs and Lower Lows. However, price has recently swept the previous swing low at 0.002102 (Sell-side Liquidity), forming a potential Wyckoff "Spring" or a Stop Hunt. We are currently seeing a slight CHOCH (Change of Character) on lower timeframes as price attempts to recover from the sweep. This is a counter-trend setup looking for a retracement into premium pricing.
Entry Zone:
· 0.002120 - 0.002135 (Look for a retest of the local demand zone / mitigation of the micro-order block formed after the sweep).
Stop Loss:
· 0.002090 (Strictly below the newly formed swing low of 0.002102. A break below this invalidates the Spring and confirms continuation of the bearish trend).
Take Profit Targets:
· TP1: 0.002180 (Local supply / minor liquidity pool)
· TP2: 0.002220 (Previous structural support turned resistance)
· TP3: 0.002260 (Major 1H Supply / Bearish Order Block)
Risk Reward: Approx 1:3 to 1:4 (Depending on fill)
