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🟢 $SPACEUSDT — possible bounce setup
Your view: reversal setup or just a pause before continuation?
Price had a strong 1H bearish structure: each candle updated the low, while highs stayed below previous highs.
The latest closed 1H candle failed to make a new low, while the previous high is still holding.
If price updates the last low again, the bounce idea is cancelled. Stop is below the last low.
Fibonacci range: full 1H drop move, from max high to min low of the whole series.
Plan by Fibonacci retracement:Entry zone: 0.007336 - 0.007272Stop: 0.007208554TP1 Fib 0.236: 0.007494164TP2 Fib 0.382: 0.007661918TP3 Fib 0.5: 0.0077975TP4 Fib 0.618: 0.007933082
Series: 6 candlesMove: 13.72%Timeframe: 1HExtreme candle wick filter: max 3.5%
Educational setup example. Not financial advice.