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The 4H chart shows clear short setup with lower timeframe RSI collapsing. Bearish momentum is building inside the daily range. Entry zone is locked and targets are clear.
BREAKING: U.S. Home Sales Plunge 8.4% in January — Biggest Drop Since February 2022
Existing home sales fell to a seasonally adjusted annual rate of 3.91 million units, missing economist expectations of 4.105 million. Sales declined across all four major regions.
Despite the sharp drop, the median home price rose 0.9% year-over-year to $396,800 — marking the 31st consecutive month of annual price increases.
The downtrend is locked in with BTR rejecting hard at resistance — eight failed rallies in two months confirm seller control. This is the start of the next major pullback.
Cumpărătorii apără suportul cheie cu un momentum constant. Vânzătorii își pierd forța pe măsură ce prețul se menține deasupra suportului. Volumul susține structura bullish, deschizând calea pentru continuarea ascendentă. O împingere curată deasupra rezistenței ar putea declanșa accelerarea.
Price is showing early bullish signs after reclaiming short-term support and forming higher lows on intraday structure. The bounce from 0.03001 to 0.03402 confirms demand absorption at the lower boundary. Currently trading around 0.0335, holding above the 0.0320 support zone.
Bearish confirmation requires a clean breakdown below 0.0895 with increasing sell volume. If price reclaims and holds above 0.0940, bearish bias weakens and this setup is invalid.
Strong recovery structure with higher lows forming — buyers are in control and momentum is building toward the range high around 0.034. If 0.034–0.035 flips to support, upside expansion can accelerate quickly. Trail profits as the move develops.
Structure broke with a flush into 2.84, followed by a reactive bounce that stalled quickly — buyer strength is limited. Price remains below resistance with momentum leaning lower. Unless 3.65 is reclaimed and held, downside continuation remains favored.
Sharp rejection from the 0.050 zone with heavy selling pressure on 1H. After a 100%+ run, correction phase is now active. If 0.040 fails to hold, downside can accelerate fast — manage risk strictly, volatility is high.
Selling pressure has eased after the pullback, with bids consistently appearing on softness. Downside attempts are being absorbed quickly, and rebounds are showing stronger intent. Buyers are quietly rebuilding position, keeping continuation higher in play as long as demand stays active.
Clean breakout confirmed with price holding above consolidation zone. Momentum remains strong and buyers are clearly in control. As long as price stays above intraday support, upside continuation remains favorable.