Bias: Short-term recovery attempt from support zone
Entry Zone: 0.1660 – 0.1700 (ideal entry near 0.1663–0.1685 support retest)
Stop Loss: 0.1640 (below key support breakdown)
Take Profit Targets:
TP1: 0.1725
TP2: 0.1780
TP3: 0.1860
TP4 (extension): 0.1900
trade here $OPN
Trade Idea:
Price is sitting near intraday low support after a -9% dump. If 0.166 holds, a technical bounce toward mid-range resistance (0.172–0.178) is likely. A strong reclaim above 0.175 increases chances of testing 0.186–0.19 zone. If 0.164 breaks, bearish continuation expected.
Risk Note: Wait for confirmation candle above support before entry for safer execution.
Stop Loss: 0.1005 (break below support invalidates setup)
Take Profits:
TP1: 0.1085
TP2: 0.1120
TP3: 0.1180 (previous high / resistance retest) trade here $GTC
Why this setup:
Price holding near daily low support (0.103–0.104 zone)
Attempting stabilization after -11% correction
Potential bounce toward 0.108–0.110 if buyers step in
Still overall bearish trend on higher timeframe → quick scalp preferred
Risk Note: If 0.103 breaks strongly, momentum may continue downward toward 0.100 and below. This is a high-risk intraday bounce setup, not a long hold.