Market structure is bullish but currently in a controlled consolidation after a strong impulse.
Current price: 0.1002
Local high: 0.1169
Current consolidation level: 0.0985 – 0.1010
Impulse origin: 0.0599
Price expanded aggressively from the 0.0599 impulse base, clearing overhead sell pressure and running liquidity into 0.1169. That level triggered rejection and profit-taking, leading to a pullback. Sellers failed to extend below 0.0927, where buyers stepped in and absorbed supply. Price has since reclaimed the 0.10 area and is holding acceptance inside the 0.0985–0.1010 range, showing balance rather than distribution.
Trade levels
EP: 0.0985 – 0.1010
SL: 0.0925
TP1: 0.1079
TP2: 0.1169
TP3: 0.1250
Continuation remains valid as long as price holds above the 0.0985 consolidation floor. Acceptance below that level would signal weakening demand and invalidate the setup.
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