Price is sitting around $0.2608 – $0.2577, which lines up nicely with previous support + EMA cluster. You can see this area already acting as a base before, so not a random level.
This looks like a classic pullback into support after expansion, not a breakdown (yet).
Game plan:
Watching for entries around $0.260 zone — but only if we get some kind of reaction (wicks / small structure shift). No blind entries.
Invalidation is simple:
If price loses $0.2557, this setup is done and we likely head lower.
Upside targets:
First push toward $0.2721 — that’s your immediate resistance.
If momentum follows through, next leg could extend to $0.2857.
Right now it’s basically:
Healthy pullback
Sitting on demand + EMAs
Looking for continuation bounce
Not chasing highs, just letting price come into value and react.
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.
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.
