Bearish momentum is driving prices lower as sellers continuously breach local swing lows and test key support levels. Heavy selling volume accompanies this downward trajectory, leaving previous demand zones vulnerable to further breakdown.
$RE
LONG
Entry: 0.5165-0.5175
SL: 0.5110
TP1: 0.5210
TP2: 0.5245
TP3: 0.5280
Price action is establishing a potential bottom near recent lows where liquidity pools are likely concentrated for a counter-trend relief bounce. A strong defense of the immediate support level provides a favorable risk-to-reward ratio for an upward mean reversion towards prior order block resistance.
$RE
LONG
Entry: 0.5165-0.5175
SL: 0.5110
TP1: 0.5210
TP2: 0.5245
TP3: 0.5280
Price action is establishing a potential bottom near recent lows where liquidity pools are likely concentrated for a counter-trend relief bounce. A strong defense of the immediate support level provides a favorable risk-to-reward ratio for an upward mean reversion towards prior order block resistance.
