$COOKIE — Relief Bounce Long Setup
$COOKIE saw a sharp sell-off from the 0.0456 high, flushing liquidity into the 0.0375 demand zone. Price showed a strong rejection from the lows, with selling pressure fading and structure beginning to stabilize. This behavior supports a short-term relief bounce scenario as the market attempts to form a base.
Trade Setup (LONG)
Entry Zone (EP): 0.0385 – 0.0395
Take Profit (TP):
• TP1: 0.0410
• TP2: 0.0430
• TP3: 0.0455
Stop Loss (SL): 0.0368
Notes:
This is a reaction trade from demand, not a confirmed trend reversal.
Best execution comes with continued higher lows on lower timeframes.
Take partial profits early and manage risk tightly.
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