
Well, let's see what $FORM has in store on the 1-hour chart 🧐
For now, I maintain a moderately bullish bias on the 1H, but there's an important nuance: the daily and weekly structures remain bearish. Therefore, I view the current move more as a counter-trend bounce rather than a full reversal. I don't want to risk without clear confirmation.
🎯 My targets:
• TP1 — 0.217
• TP2 — 0.2214–0.2229
📍 Entry interest zone: 0.2042–0.2054. I want to see price return above this range and hold firmly after a minor pullback.
Additionally, I'm monitoring the demand zone at 0.1965–0.1989. If price tests this area, I'll wait for bullish absorption or a structure shift on the lower timeframe before increasing my position.
🛡 My stop is placed below the structural reversal or the last local low.
⚠️ Key level — 0.1913. A sustained break below it will invalidate my bullish scenario on the 1H and confirm alignment with the global downtrend.