Price has pulled back cleanly into a solid demand zone around $0.6827 â $0.6743, which previously acted as support. This kind of reaction area is where you typically see buyers step back in.
Right now, price is sitting around $0.6833, so this is basically a decision zone. If this level holds, we could see a bounce toward $0.7096 first, and if momentum builds, a push toward $0.7433 isnât off the table.
Invalidation is clear - if price loses $0.6683, the setup breaks and downside opens up.
What I like here is the structure - weâve got a pullback into support after a move up, not just random chop. If buyers show up, this could turn into a nice short-term relief rally.
Iâm watching for confirmation before going heavy, but definitely a level worth keeping on the radar.
â Trade here on $VIRTUAL
