Hey everyone!
Those recent green candles might be bringing smiles, but it’s not time to celebrate just yet…
As previously mentioned, price action is currently testing a Bearish Order Block on the Daily Time Frame — and this isn’t just any level. It’s the same critical zone that led to a sharp decline back in January 2025, triggering widespread stop losses.
In short, this area is a historical distribution zone that’s been respected by major market participants.
Adding to the caution, there’s also a Bearish Order Block on the Hourly Time Frame, which price has recently tapped. Some early signs of rejection are already visible from that level — not overwhelming, but enough to warrant a yellow flag for anyone assuming a full bullish reversal is underway.
Our current watch zone is within the Bullish OB at 0.00001091 - 0.00001064. If price retraces to this level and shows strength, it could provide a higher-probability entry.
That said, a true Higher High doesn’t form until price breaks above 0.00001194.
And here’s the key point:
The Daily structure remains bearish.
So don’t fall into the trap of thinking every bounce signals a trend reversal. A green candle to some might still be a setup for distribution to others.
Is this a healthy pullback or just emotional bait?
That subtle hesitation in the chart might be your gut trying to tell you something…
That’s it for now. Use this as a guide for your own analysis — and above all, stick to your Trading Plan and Risk Management.
Good luck out there!
#AltcoinSeasonComing
