Entry: 0.05150 – 0.05250
SL: 0.05620
TP1: 0.04800
TP2: 0.04400
TP3: 0.04100
Structure & Momentum Outlook:
$RECALL tapped the 0.05900 high and failed to hold strength after a sharp 22% intraday expansion — classic exhaustion behavior. Price is now compressing below local resistance with fading lower-timeframe volume, signaling momentum decay.
The rejection from highs followed by weak consolidation suggests distribution rather than continuation. As long as price stays capped below 0.056, the path of least resistance favors a pullback into the 0.04800 liquidity pocket, with extension toward 0.04400–0.04100 if selling accelerates.
Trade the breakdown, manage risk tightly.