$C
🔍 Current View:
Price is testing $0.2705 resistance after recovering from the $0.2571 low. Structure has shifted from Lower Lows to potential Higher Lows, with RSI at 62.45 – showing bullish momentum.
🟢 Bullish Scenario: #chainbase
Break & hold above $0.2705 → next targets:
$0.2804
$0.2834
$0.2870
RSI holding above 60 keeps upward bias alive.
🔴 Bearish Scenario:
Rejection at $0.2705 and break below $0.269 → possible retest of $0.2571 support.
RSI falling under 50 could confirm momentum loss.
⚠️ Day Traders’ Note:
This is a short-term setup on the 5M chart — moves can be fast. Manage risk accordingly.