$RECALL / Recall
$RECALL is undergoing a sharp post-expansion distribution phase after failing to sustain acceptance above the 0.065–0.070 region; current structure continues to favor a sell-the-rally approach while downside momentum remains dominant.
Trading Plan — SHORT
Entry: 0.0560 – 0.0580
Stop loss: 0.0615 (Above breakdown structure and failed reclaim zone)
Targets: 0.0525 ⇢ 0.0490 ⇢ 0.0465 ⇢ 0.0430
Technical
The market has completely lost short-term bullish structure following rejection from the 0.074 region and subsequent aggressive breakdown through prior support near 0.061. Current rebound attempts remain weak and lack meaningful follow-through, confirming that sellers continue controlling order flow. Price is also trading beneath reclaimed supply zones, reinforcing continuation risk toward lower liquidity pockets.
The bearish continuation thesis remains valid while price continues closing below the 0.056–0.058 resistance cluster on the 4H timeframe. A decisive reclaim and acceptance back above 0.0615 would invalidate the immediate distribution structure and force reassessment of downside continuation.
Momentum remains structurally bearish until buyers reclaim higher timeframe support. Short-term relief rallies should continue to be treated as fade opportunities rather than genuine reversal confirmation.
⇢ Trade $RECALL 👇
