Following a significant -65% decline after a failed support FLIP, the market has begun to shift structure with a series of higher lows (HL) and a potential accumulation pattern forming in the shape of a contracting triangle.
Key Observations:
Initial breakdown came after a support-to-resistance FLIP in the 0.08–0.09 zone, which led to a steep sell-off.
Since then, price has printed a clear market structure shift: from consistent lower lows (LL) to higher lows (HL), indicating buyer strength returning.
The current range is compressing, suggesting volatility contraction — typically preceding a large breakout move.
If price reclaims the FLIP zone as support (around 0.07–0.08), it may confirm a bullish reversal and open up upside potential towards the previous inefficiency zone near 0.18–0.22.
Measured move target from the pattern breakout points to a +790% upside, aligning with historical supply areas.
🧠 Bias: Bullish if the range high breaks and flips to support.
📈 Invalidation: A break below the trendline and last HL (~0.045) would suggest more downside.
This could mark the beginning of a new cycle for OLUSDT — watching closely for confirmation.
Key Observations:
Initial breakdown came after a support-to-resistance FLIP in the 0.08–0.09 zone, which led to a steep sell-off.
Since then, price has printed a clear market structure shift: from consistent lower lows (LL) to higher lows (HL), indicating buyer strength returning.
The current range is compressing, suggesting volatility contraction — typically preceding a large breakout move.
If price reclaims the FLIP zone as support (around 0.07–0.08), it may confirm a bullish reversal and open up upside potential towards the previous inefficiency zone near 0.18–0.22.
Measured move target from the pattern breakout points to a +790% upside, aligning with historical supply areas.
🧠 Bias: Bullish if the range high breaks and flips to support.
📈 Invalidation: A break below the trendline and last HL (~0.045) would suggest more downside.
This could mark the beginning of a new cycle for OLUSDT — watching closely for confirmation.
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.