After a 400% monthly rally, price is now testing major resistance at $0.93–$1.00, which aligns with:
— Monthly supply zone
— Psychological level at $1
— Key breakdown structure from earlier
📌 Key observations:
— First retest of the level that triggered the previous collapse
— Signs of local weakness on the daily TF after tapping resistance
— Untapped D1 order block below ($0.25–$0.30 range)
🎯 Trade Setup:
— Short Entry Zone: $0.93–$1.00
— Targets: $0.65 (interim support) → $0.25–$0.30 (OB demand)
— Invalidation: Strong breakout and close above $1.03 with volume
⚠️ This is the first reaction to HTF resistance.
Losing the $0.78–$0.80 support would open the door for a deeper correction.
— Monthly supply zone
— Psychological level at $1
— Key breakdown structure from earlier
📌 Key observations:
— First retest of the level that triggered the previous collapse
— Signs of local weakness on the daily TF after tapping resistance
— Untapped D1 order block below ($0.25–$0.30 range)
🎯 Trade Setup:
— Short Entry Zone: $0.93–$1.00
— Targets: $0.65 (interim support) → $0.25–$0.30 (OB demand)
— Invalidation: Strong breakout and close above $1.03 with volume
⚠️ This is the first reaction to HTF resistance.
Losing the $0.78–$0.80 support would open the door for a deeper correction.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.