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Price Action Summary (as of 0.0193 USDT)

Current Price: 0.0193

Immediate Pivot (P): 0.0209 — acting as resistance

Nearest Support (S1): 0.0143

Nearest Resistance (R1): 0.0308

Last Swing High: 0.0275 (strong rejection)

Recent Bounce: From 0.0175 support

Key Technical Observations

1. Pivot Point Relevance

Price below Pivot (0.0209) indicates bearish bias short-term.

Needs to break and hold above pivot to regain bullish momentum.

2. Resistance Zones

R1 (0.0308): Near previous top (0.0275) — strong resistance

R2 (0.0374): Next zone on breakout, but far unless momentum shifts hard

Cluster between R3 (0.0218) and R4 (0.0240) is short-term resistance band.

3. Support Zones

0.0175 held well with high volume — local bottom

Below that, S1 (0.0143) and 0.0110 are critical supports

S2 (0.0078) is deep support and likely only in worst-case drawdown

4. Volume Surge at 0.0175

High volume suggests accumulation or panic bottom.

Follow-up buying is key to sustain a reversal.

5. Wave Structure (Zigzag Blue Line)

Clear impulse from ~0.0110 to 0.0275

Sharp retrace to 0.0175 (0.382–0.5 Fibonacci zone)

Possible ABC corrective pattern or wave 2 pullback

Actionable Insights

Bullish Case (Short-Term)

Break above 0.0210–0.0218 (Pivot to R3) is key

Entry: On pullback near 0.0185–0.0190

Target: 0.0240–0.0262 (R4–R5) with momentum

Stop: Below 0.0172

Bearish Case

Failure to hold above 0.0190 may trigger retest of 0.0175, or worse, 0.0143

Avoid long entries if rejection continues at pivot or R3

Strategic Thoughts

RSI + Volume Behavior should be monitored closely on the 4H chart

If you're spot holding, consider partial entries now and more below 0.0175

If trading leverage, keep stops tight, structure entries near supports only