Post
Mimi 🤎🩷
Two scenarios
1. Bearish scenario (high probability)
Rebound hits resistance at 1545–1555 and fails to break through, then continues to test the previous low at 1508; breaking below 1508 opens the door for a deeper correction.
2. Bullish scenario (low probability)
Quickly stabilizes above 1560, then retests above 1600.
Current conclusion: Do not chase longs; prioritize waiting for the rebound to face resistance before considering shorts; opening positions directly has an average risk-reward
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