Price is approaching key support zones that previously triggered impulsive rallies. Oscillators are flashing a potential bullish divergence, and the $2.00 level stands out as a short-term demand zone.
📌 Scenarios:
— Scalp Long Setup: Reaction off $2.00 with a tight stop below the recent low. Suitable only for short-term trades or scalps.
— Swing Buy Zone: Sits deeper at $1.40–$1.60, aligning with weekly and daily demand. Spot bids already placed in that range.
⚠️ Structure Reminder: Price remains bearish unless we reclaim $2.50+ on a closing basis. Until then, this is bottom formation in progress — not yet confirmed reversal.
🎯 Plan:
— Watch for SFP or bullish structure around $2.00
— Scale heavier at $1.50–$1.40 zone
— Invalidation below $1.08
— Initial target: reclaiming $2.58
📌 Scenarios:
— Scalp Long Setup: Reaction off $2.00 with a tight stop below the recent low. Suitable only for short-term trades or scalps.
— Swing Buy Zone: Sits deeper at $1.40–$1.60, aligning with weekly and daily demand. Spot bids already placed in that range.
⚠️ Structure Reminder: Price remains bearish unless we reclaim $2.50+ on a closing basis. Until then, this is bottom formation in progress — not yet confirmed reversal.
🎯 Plan:
— Watch for SFP or bullish structure around $2.00
— Scale heavier at $1.50–$1.40 zone
— Invalidation below $1.08
— Initial target: reclaiming $2.58
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.