This asset is showing an upward tendency following a major trend reversal.
Current local technical levels are not holding the price, indicating ongoing volatility. However, a strong demand zone lies below, where buyers previously showed aggressive activity in both volume and delta.
We are watching for a pullback into the $0.66–$0.62 zone. If buyer activity appears and confirms the setup, a long position can be considered. The primary target would be a retest and potential break of the recent local high.
This publication is not financial advice.
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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.