$RED 30m ANALYSIS 📊
I expect the price to RISE in the short term, as long as the bullish structure and indicator signals hold. 🎯 The best scenario is to wait for a retracement to the 0.3748–0.3767 area, see a bullish reversal candle, and go long there.
- Entry: After confirmation at 0.3748–0.3767, with signs of reversal (pin bar, engulfing, or higher low on lower timeframe).
- Take Profit 1: 0.3829
Take Profit 2: 0.3863
Take Profit 3: 0.3908
- Stop-loss should be placed below the swing low of the confirmation pattern (below 0.3656).
- If price closes below 0.3656 with strong momentum, my bullish bias would be invalidated and I’d expect a deeper drop toward 0.3527 or 0.3462.
- If price aggressively breaks above 0.3829 and retests as support, consider trend-following long entries toward 0.3863 and above—waiting for continuation confirmation like a bullish flag breakout or strong green candle.