Price had broken below the support/resistance flip around $0.74 and it is currently retesting it after it bounced off the daily demand around $0.7. MACD is showing bearish weakness, RSI is sold and EMAs are bearish. Price is expected to tap into the 6h supply around $0.76 before potentially moving down again. Waiting for lower timeframe confirmation once price taps into this area.
Price had broken below the support/resistance flip around $0.74 and it is currently retesting it after it bounced off the daily demand around $0.7. MACD is showing bearish weakness, RSI is sold and EMAs are bearish. Price is expected to tap into the 6h supply around $0.76 before potentially moving down again. Waiting for lower timeframe confirmation once price taps into this area.