That read makes sense.

A near-2× expansion like 0.086 → 0.177 is supposed to cool — what matters is how it cools. Pulling back to ~0.16 without giving up structure signals profit-taking, not distribution.

Price staying well above the breakout zone tells you the market is still accepting higher value. This kind of digestion usually shows up as shallow retraces, tight ranges, or time-based chop before the next decision.

Unless it starts losing acceptance back below the prior breakout area, this still looks like continuation being prepared rather than a reversal forming.