$DATA — Reversal → Continuation Structure Confirming 📊
This setup is technically sound and favors upside continuation as long as structure is respected.
Market Read:
Price has reclaimed and is holding above 0.00410, which flips prior resistance into support.
The pullback into the entry zone looks corrective, not distributive — a typical reversal-to-continuation pattern.
Sellers failed to push price back below structure, suggesting demand absorption.
Trade Plan (Long):
Entry Zone: 0.00425 – 0.00450
Bullish Above: 0.00410 (structure hold = bias intact)
Stop Loss: 0.00385 (clear invalidation)
Targets:
TP1: 0.00490 → reduce risk / partials
TP2: 0.00540 → momentum continuation
TP3: 0.00620 → expansion target
Execution Notes:
Ideal entry comes on a low-volume dip into the zone with quick reclaim.
A strong close above 0.00490 increases probability of TP2–TP3 expansion.
After TP1, moving SL to breakeven protects capital while letting the trend work.
As long as 0.00410 holds, this remains a high-R:R continuation setup, not a chase. Patience on entry and discipline on risk will make the difference.
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