Support & Resistance Levels:📉
• Immediate Resistance:
$0.0935 – The 24h high and recent rejection point (strong short-term resistance).
• Immediate Support Levels:
• $0.0900 – $0.0903: Short-term minor support (previous breakout area).
• $0.0879: Local strong support (highlighted in orange on the chart).
• $0.0850 – $0.0860: Deeper support zone if breakdown continues.📉
Trade Setup (Short-Term Intraday):📉
Scenario 1: Bullish Continuation
• Entry: Break and close above $0.0935 with volume.
• Target: $0.0965 – $0.0990 (next psychological resistance levels).
• Stop-Loss: Below $0.0900.
Scenario 2: Pullback Entry
• Entry Zone: Around $0.0879 – $0.0885 (bounce from support).
• Target: $0.0930 – $0.0935.
• Stop-Loss: Below $0.0860 (to protect against deeper drop).
Scenario 3: Breakdown Trade
• Entry: If price breaks below $0.0870 with strong red candles.
• Target: $0.0840 – $0.0825.