$IR is reacting because the market just finished a deep flush and price instantly bounced from the intraday low. I’m seeing forced selling end near 0.0697, followed by stabilization, which usually means sellers are exhausted.

I’m reading this as a liquidity grab and base attempt. Price dropped hard from the 0.08 zone, cleared stops aggressively, and then snapped back without follow through. Now candles are smaller and price is holding around 0.071. That tells me panic is gone and buyers are quietly absorbing.

Entry Point

I’m entering between 0.0705 and 0.0720

This is the demand area formed right after the sweep.

Target Point

TP1 0.0755

TP2 0.0795

TP3 0.0840

These targets align with previous reaction zones and the last rejection area.

Stop Loss

0.0678

Below the sweep low. If price goes there again, the recovery idea fails.

How it’s possible

Liquidity was taken below 0.07, weak hands exited, and price bounced immediately. After a sharp dump, when price stops falling and starts compressing, a relief move becomes the natural outcome if buyers keep defending the base.

I’m trading reaction and structure, not fear. Risk is clear and upside is defined.

Let’s go and Trade now $IR