$BEAMX $BEAMX 1h
- I expect price to attempt a manipulation above 0.001479, the highest level of the most recent swing move. If there is a quick rejection there, a short toward 0.001455 and 0.001437 is more likely.
- If price retests 0.001412 and shows strong bullish confirmation, it’s likely to bounce and make another attempt at the highs.
- My preferred plan is to watch for a fakeout above 0.001479 for a short, or a sweep below 0.001412 for a long, always waiting for lower timeframe confirmations like pin bars, engulfing candles, or strong reversal volume.
- If price closes above 0.001489 and stays there, I would switch to a bullish bias and look for continuation upwards.
- For all trades, stop-loss should be placed at the nearest swing low (for longs) or swing high (for shorts) depending on entry.
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