$SOON pulling back after failing to reclaim the 0.60 zone
Price tapped 0.6450 earlier and has been making lower highs since, showing clear intraday exhaustion. The current candle sits around 0.5767, still below the minor resistance block 0.5920–0.6110 where sellers stepped in multiple times.
Key Levels
Immediate Support: 0.5580 – 0.5600 (last demand wick)
Secondary Support: 0.5540
Intraday Resistance: 0.5920, then 0.6110
Major Rejection Zone: 0.6450
What’s Happening Structure is still in a short-term downtrend on 15m. Buyers are defending the 0.5580 zone, but momentum is weak as long as price stays under 0.5920. A clean 15m close above 0.5920 would shift momentum back toward 0.6110.
Breakout / Breakdown Triggers
Breakout: Above 0.5920 → opens room toward 0.6110
Breakdown: Below 0.5580 → exposes 0.5540 liquidity
Risk & Invalidations
Bullish bias invalid if we break 0.5580 with a strong red candle.
Bearish fade invalid if price closes above 0.5920.
