$INIT : Demand zone defended. Long on trend reversal.
The market swept below structure, trapped late sellers, and reversed sharply. This is not a random bounce — it is a engineered liquidity grab followed by aggressive accumulation.
On the 1H chart, price formed a clear higher low and reclaimed the $0.072–$0.074 range. RSI(6) crossed above 50 with momentum, confirming the shift in initiative. The zone $0.0720 – $0.0750 aligns with the breakout level of the consolidation base and the 0.618 Fibonacci retracement of the last move down.
Entry: 0.0720 – 0.0750
Targets:
TP1: 0.0800
TP2: 0.0850
TP3: 0.0920
Stop Loss: 0.0685
A break below $0.0685 invalidates the higher low structure and signals a return to range-bound conditions.
The best entries are not at the bottom — they are at the confirmation.
What confirms your entry more clearly on a reclaimed level — price holding above or volume returning with conviction?
