$BAKE M15 PDL Liquidity Hunt Idea.
• Market trading below bullish NT; momentum change imminent.
• M15 EMA DX.
• Trading below EMA200, signifying bearish territory entry.
• Broke POC and VAL due to the -8.45% dump earlier.
• Currently, market is holding on to its 75% key support trendline. Failure of this to hold would likely send market towards 79% Fib level or potentially touch its PDL.
• TFO in extremely oversold area. Possible scenario would be a touch on the lower neutral line before redirecting once again downward.
Key break points:
• $0.2880
• $0.2837
• $0.2812
• $0.2779