Volume: High activity — 818.35M LA and 1.14B USDT traded
Fibonacci Retracement Analysis
The Fibonacci levels are drawn from the swing low at $0.988 to the swing high at $1.795. Key levels:
Level Price Status
0.236 $1.658 Resistance 0.382 $1.573 Rejected 0.5 $1.504 Currently near this level 0.618 $1.436 Support area 0.786 $1.338 Deeper support 1.0 $1.213 Full retracement
Price is currently hovering around the 0.5 Fibonacci level, which is often a key decision zone.
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🕯️ Candlestick Pattern
After a strong bullish impulse from ~$0.988 to ~$1.795, there's a pullback happening.
The most recent candles show selling pressure, but the price is stabilizing near the 0.5 level, indicating possible buying interest or consolidation here.
⚡ SCALPING TRADE SETUP (Short-Term: 15min–1hr)
Goal: Quick profits from short moves within a small price range.
