After a sharp selloff from the local highs, price has started to stabilize and is no longer making aggressive lower lows. Momentum has cooled off, sellers appear to be losing steam, and we're beginning to see a period of consolidation around the recent demand zone. This is the kind of price action you'd want to see before any meaningful recovery attempt.
It's building a mini base here after deviating below the recent lows. If we can stay above 0.10, I believe it can still retest the 0.20-0.24 supply zone. I wouldn't expect a straight move higher though—a bit of chop and consolidation below resistance would be healthy before any breakout attempt.
It's building a mini base here after deviating below the recent lows. If we can stay above 0.10, I believe it can still retest the 0.20-0.24 supply zone. I wouldn't expect a straight move higher though—a bit of chop and consolidation below resistance would be healthy before any breakout attempt.
Advanced Crypto Trading Terminal
Lightning-fast execution — 100% free!
Trade like a Pro via Tealstreet ⚡️
tealstreet.io/
linktr.ee/tealstreet.io
Content in partnership with:
linktr.ee/mooncakexbt
Lightning-fast execution — 100% free!
Trade like a Pro via Tealstreet ⚡️
tealstreet.io/
linktr.ee/tealstreet.io
Content in partnership with:
linktr.ee/mooncakexbt
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Advanced Crypto Trading Terminal
Lightning-fast execution — 100% free!
Trade like a Pro via Tealstreet ⚡️
tealstreet.io/
linktr.ee/tealstreet.io
Content in partnership with:
linktr.ee/mooncakexbt
Lightning-fast execution — 100% free!
Trade like a Pro via Tealstreet ⚡️
tealstreet.io/
linktr.ee/tealstreet.io
Content in partnership with:
linktr.ee/mooncakexbt
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.