Price is currently trading at a major HTF support zone around $1.20–$1.30.
This level previously acted as strong support and resistance, making it a key decision area.
The recent downside wick has been partially filled (~50%), which often signals temporary demand, but structure is still bearish on the higher timeframe.
Key levels to watch:
Support: $1.20 – $1.30
Next downside risk: If this level fails → possible continuation lower
Bias:
As long as price holds above support → potential range / relief bounce
Weekly close below support → bearish continuation scenario
Patience is key here. Let price confirm direction before entering.
Not financial advice. Always manage risk.
MrC
This level previously acted as strong support and resistance, making it a key decision area.
The recent downside wick has been partially filled (~50%), which often signals temporary demand, but structure is still bearish on the higher timeframe.
Key levels to watch:
Support: $1.20 – $1.30
Next downside risk: If this level fails → possible continuation lower
Bias:
As long as price holds above support → potential range / relief bounce
Weekly close below support → bearish continuation scenario
Patience is key here. Let price confirm direction before entering.
Not financial advice. Always manage risk.
MrC
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.