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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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.