đą $PROM / USDT â Weak Structure, Possible Relief Bounce
Price lost range support and now sitting near session lows.
đ What happened:
âą Range held around 1.32â1.33 earlier
âą Big red candle = support break
âą Liquidity sweep below 1.30
âą Now small reaction from lows
This is not bullish structure yet â just oversold bounce area.
đ Trade Ideas
đą Quick Bounce Play (Scalp Only)
Entry: 1.29â1.305
Targets:
âą 1.32
âą 1.335
âą 1.35 (only if strong push)
Stop: Below 1.285
đŽ Bearish Continuation (Main Trend)
If price fails under 1.32, sellers still in control.
Break 1.29 â targets:
1.27 â 1.25
đ Why bounce possible:
âą Sweep of lows done
âą Long wick = buyers reacted
âą Short-term shorts may cover
đ Why trend still weak:
âą Lower highs
âą Resistance now above
âą No structure reclaim yet
â ïž Key level = 1.32
Above = relief rally
Below = continuation down
Fast trade only â not a hold.