$4 saw a sharp rejection from the 0.034 area, followed by a heavy sell-off that pushed price into the 0.0228 demand zone. Since then, selling pressure has clearly slowed down and price is moving sideways with small, controlled candles. This tells us panic selling is over and the market is now stabilizing.

At the moment, $4 is stuck in a tight range, which makes this a range-based scalp, not a trend trade. Buyers are defending the lows, but upside strength is still limited. Because of this structure, the safer opportunity is a short-term bounce from support, not an aggressive long.

If price fails to hold the base again, downside continuation remains possible — so risk control is key here.

Trade Plan

Long Scalp

Entry Zone: 0.0238 – 0.0246

TP1: 0.0262

TP2: 0.0278

Stop Loss: 0.0223

Leverage: 20x – 40x

Margin: 2% – 5%

Risk Management: Book partial at TP1 and move stop to entry

Important

This is not a strong bullish trend. It’s a relief bounce from demand after a dump.

If price breaks and holds below 0.0223, the long idea is invalid and shorts will be safer.

Long #4 Here 👇