Price is drifting lower and approaching a high-confluence retracement zone. A key bullish setup may form if price sweeps the 0.618–0.666 Fibonacci region and reclaims the level with strength.
📌 Buy Trigger:
• Sweep into the $2.38–2.5 zone
• Look for reclaim and bullish reversal for long entry
• Structure remains constructive while above monthly support ($1.91)
📈 Reclaim Level for Strength:
• $2.83 — clearing this confirms bullish intent
• Flip = strength toward $3.80 and beyond
🎯 Targets:
• $2.83 → Range reclaim level
• $3.50–3.60 → local resistance
• $5.36–5.37 → full upside liquidity target
🟥 Invalidation:
• Clean break below $1.90 (monthly support) = full invalidation
📌 Best setups form when liquidity is swept and price reclaims structure. Wait for the flush and follow strength.