🟢 $BELUSDT — possible bounce setup


Would you fade this move, or wait until price confirms the reversal?

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: 0.18031 - 0.178573Stop: 0.17683562TP1 Fib 0.236: 0.18341804TP2 Fib 0.382: 0.18727098TP3 Fib 0.5: 0.190385TP4 Fib 0.618: 0.19349902
Series: 5 candlesMove: 12.96%Timeframe: 1HExtreme candle wick filter: max 3.5%
Educational setup example. Not financial advice.
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