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Key Levels & Setup (4H)

After forming a higher high (HH) from the last swing low, price is now cooling off from recent highs. The RSI is still holding above the midline (53), keeping the short-term bias bullish unless key supports break.

📌 Immediate Support Zones:

$0.6023 → Fib 0.236 retracement, potential bounce zone

$0.5732 → Stronger confluence zone from structure + Fib 0.382

🎯 Upside Targets if bounce holds:

$0.76

$0.8091

$0.8467

⚠️ Invalidation:

A breakdown & close below $0.5732 shifts bias back to bearish, opening room for deeper retracement.

🧠 Trader Tip:

Watch for RSI to hold above 50 on 4H and a bullish engulfing candle on support for a safer re-entry.

@Solayer #BuiltonSolayer $LAYER