Price is respecting perfectly all orderblocks as it recently got rejected from the 3h supply zone at $0.345 and it is currently bouncing off the 3h demand zone at $0.28. MACD is showing some bearish weakness, RSI and EMAs are neutral. If price breaks below this 3h demand and closes below $0.26, then it would be diving all the way down towards the 12h demand zone at $0.21 before seeing a bullish reversal. It needs to close above the high at $0.32 in order to turn bullish again.
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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.