The price ran the daily swing liquidity but failed to close below, showing a strong rejection after the liquidity grab. It created a 4H demand zone, and the price tested this zone with another strong rejection. Recently, we broke the bearish trendline, followed by a retest.
I entered the trade at the trendline bounce and am targeting new highs.
SL: $2.97 (Daily close below)
TP: $3.95 (ATH)