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.
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.
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.