The overall sentiment appears bearish, with the price respecting the downward trendline and facing resistance from the rejection zone. A break above the rejection zone and trendline would be necessary to signal a potential reversal. Conversely, a breakdown below the order block could lead to further declines.
Trade active
Waiting for the buy side reaction around the $0.16 area(ORDER BLOCK). Might be a very good low point for the next rally up back to $0.24 price mark.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.