$RECALL : Breakout Fuel or Fakeout Trap?
$RECALL just delivered a strong +4.2% 15m move backed by a 3.6x volume spike. My bias remains bullish on the 1h as price breaks above the 0.05340 swing high with 1h, daily, and BTC structure aligned.
The key is not to chase the move. With RSI near 80.5 and the weekly trend still bearish, I want a healthy pullback and confirmation before considering an entry.
Entry zone: 0.05336–0.05143
Deeper sweep zone: 0.04950
Targets: 0.05648 → 0.06000
I’ll look for a liquidity sweep followed by a bullish 15m/5m market-structure shift or engulfing candle. A 1h close below 0.04677 would invalidate the bullish setup and shift the bias bearish.
Momentum is strong, but confirmation matters more than chasing the spike.
Not investment advice. Educational purposes only.
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