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$LA sweeped the bottom then rebounded strongly with a clear increase in trading volume on the 4-hour timeframe
Entry zone:
🔥 0.0595 - 0.0600
Targets:
🎯 First target: 0.0608
🎯 Second target: 0.0618
🎯 Third target: 0.0630 🚀
🛑 Stop loss: 0.0572
The drop below the 0.0585 level was absorbed quickly within less than an hour, and with the rising volume on the 4H timeframe, it seems buyers have started returning strongly.
The price structure looks clear: Liquidity Sweep (liquidity draw) then a rapid reclaim of the level, which often indicates strength in the move and continuation of momentum.
The first target represents a quick move of about 2%, but if momentum continues, reaching 0.0630 may be possible within the likely scenario.
Will you enter with this rebound, or do you prefer to wait for a retest of the lower tail zone? 🤔
⚠️ Not financial advice. Always make sure to manage risk.
#LA #SweepAndBounce #LongSetup #Breakout #Crypto