This one feels more like a reset after a trap move rather than a fresh trend.
Price pushed up strongā¦ grabbed liquidityā¦ and then dropped fast.
Now instead of continuing bearish, itās holding steady above the 0.5ā0.618 zone ā thatās the key shift.
For me, this is not about catching bottom š
Itās about watching how price reacts after the shakeout.
If buyers defend this zone and we see a slow grind up,
then this move can turn into a continuation push back towards 2.0270 area.
No rush here.
Iām letting the market prove itself ā strength first, entry later.
ā ļø If price breaks and closes below ~1.9930, then this whole idea gets invalidated.
Thought:
Not a clean trendā¦ but a recovery structure building after a liquidity sweep.