You need to pay attention to the price action on the red rectangle. There is an important point area of price support and this area is suitable for the visible range POC too.
yellow : target 1 is supply a yellow rectangle.
green : target 2 is along with the white impulse-line and is ideal in supply green rectangle.
red : demand action, wait and...
this learning with BTCUSD htf 1D
so, basically, this is the action of buyers and sellers
Formula : X + Y = 0 with HLC (high low close)
1D : close candle
X : (-) minus
Y : (+) plus
Body : candle mother
Wick : line high or low
Next support BTCUSD on 30500 if crash we see 29k 28k stop on 26700.
YOU KNOW ABOUT HARMONYONE -- THIS LEVEL CANDLEs CHART FROM THE WEEKLY for DAY CHECKING.
1. line orange : level by baseline price action at 0,117
2. line blue : level for a breakout if the resistance goal to 4h/360m at 0,145
3. line dark purple : level low and high price action by weekly
1. line orange : IF THE BELOW, DON'T PANIC...CHECK 4H CHART and OTHER...
after a very bullish trend harmony, this not bearish but mid-low bearish to accumulation & distribution.
so wait for momentum pullback uptrend and this Harmonic patterns like a shark, and Fibonacci confirm target buy long at 50% line.
they are very hard strong development after Q2 launching bridge DeFi to ETH = ONE
in Q3 will huge massive to launching bridge...
many long-time SXP bullish trend by action following flow indicators like ADX DMI.
but we wait for this range for retail accumulation & distribution within ranges below and below by DMI action.
you know can setup Fibonacci support. if the SXP downtrend follows pricing Bitcoin so the resistance 2.5 cent.
Fib green : main midlong
Fib orange : main long setup