Solid breakdown 👍 You’re basically describing a counter-trend scalp after a classic blow-off top → liquidation cascade. A few thoughts to add nuance, not to override your plan:

What supports the bounce thesis

Structure: That long lower wick around ~0.2169 after a stop-run does suggest sell-side exhaustion on the 1H. If that candle closes strong relative to its low, it’s often good for at least a mean-reversion pop.

Volume profile: Spike from ~70M → 119M on the dump = forced selling / liquidations. Bounces after that don’t need huge volume initially; they just need sellers to step aside.

Capital flow divergence: HTF net outflows = panic, while 15–30m inflows = early dip buyers. That’s typical at inflection points for short-term trades.

What still makes this dangerous

Trend context: This is still a lower-high, lower-low structure on 1H/4H. Any long here is renting, not owning.

Weak bounce volume: 11.9M on the bounce means this is likely short covering, not real demand yet.

Overhead supply: 0.235–0.245 isn’t just MA resistance — it’s trapped longs from the breakdown zone. Expect selling there.

Levels that matter (agreeing with your map)

0.2169–0.219: Absolute line in the sand. Lose this → bounce thesis invalidated, and 0.185–0.19 comes fast.

0.235: Decision level. Acceptance above = scalp continuation possible.

0.245: Profit-taking zone, not a breakout until proven otherwise.

0.259: Only reachable if volume expands on green candles.

How I’d personally treat it (conceptually)

This is a tight-stop, fast-TP trade, not a “let it breathe” setup.

Partial profits into 0.235–0.245 make sense; leave runners only if structure flips.

If price chops sideways with declining volume instead of bouncing, that’s often distribution before another leg down.

TL;DR

✔️ Bounce is technically justified

❌ Not a trend reversal

🧠 Best suited for experienced scalpers who respect stops