$C Update: Healthy Cooling or Trend Reversal?
($C) is currently undergoing a necessary pullback after hitting a local peak of $0.0760, with the price settling around the $0.0636 mark. The 1H SuperTrend remains bullish with solid support established at $0.0590, while the RSI(6) has reset to a neutral 57.11, suggesting the initial overbought pressure is fading.
🎯 Trade Setup
EP (Entry): $0.0610 – $0.0640
TP (Targets)
TP1: $0.0710
TP2: $0.0760
TP3: $0.0820
SL (Stop Loss): $0.0585
The current market structure stays positive as long as the $0.0590 support zone is defended on the hourly close. We are looking for a liquidity grab around the current levels before a potential secondary attempt to break the $0.0760 resistance.
Do you think ($C) will hold this SuperTrend support, or are we heading for a deeper correction?
Watching this level closely.
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