Follow For More 👋👋👋🔗 $LINK — 1H Timeframe Setup
Current Price: 8.68
delivered a strong impulse move on the 25th, rallying to 9.43 before fully retracing in a controlled flush down into the key grey demand zone (8.25–8.35).
That zone absorbed heavy selling pressure and triggered a clean bounce. Price is now stabilizing and building a potential recovery structure on the 1H timeframe.
🧱 Key Structure
Demand Zone: 8.25–8.35 (major support foundation)
Current Pivot: 8.68
First Resistance: 9.20 (prior bounce rejection level)
Major Resistance / Target: 9.43 (spike high / blue resistance line)
The projected path suggests:
One final dip into 8.25–8.35 for a clean retest
Strong hold of the demand zone
Expansion move toward 9.20
Continuation toward 9.43 to complete the full recovery structure
The retest of the grey zone would offer the highest R:R entry — if it confirms with bullish reaction.
📈 Trade Thesis (1H)
As long as 8.25–8.35 holds, the structure favors upside continuation
Failure to hold that zone invalidates the recovery setup.
Momentum is compressing beneath resistance — a breakout above 9.20 opens the path to 9.43.
