$CITY is trading around 0.588, down roughly -3% on the day, but the structure is getting interesting. After a sharp sweep to 0.576, price reacted strongly and reclaimed the 0.585–0.590 zone. That move signals demand stepping in rather than a weak bounce.
On the 1H timeframe, candles show recovery strength after a volatility spike. This looks less like continuation down and more like a base forming after a stop-hunt, with momentum slowly rebuilding. The key now is whether price can hold above short-term support and push through nearby resistance.
Trade Setup
Entry Zone:
0.582 – 0.588
Target 1:
0.600
Target 2:
0.613 (previous 24h high area)
Target 3:
0.630 – 0.640 (extension if momentum accelerates)
Stop Loss:
0.572 (below the liquidity sweep low)
Trade Idea Logic
As long as $CITY holds above 0.580, the structure favors a continuation move higher. A clean break and hold above 0.600 with volume would confirm bullish control and open the door toward the higher targets. Failure to hold support invalidates the setup quickly, which keeps risk well defined.
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