$VOOI is stabilizing after the extreme flush from the spike high and price is now holding above the 0.0385 reaction zone. I am watching this closely because buyers stepped in aggressively after the capitulation candle and are slowly absorbing sell pressure. The 1D candles are forming a tight base near the lows which shows early signs of recovery interest after the heavy distribution.
If this structure holds the next rebound becomes possible with a controlled push.
Here is my full setup from this chart.
Entry Point 0.0410 โ 0.0385
Target Point TP1: 0.0475 TP2: 0.0558 TP3: 0.0680
Stop Loss 0.0348
It is possible because every dip near 0.0385 is getting absorbed quickly and downside momentum has clearly slowed. If $VOOI stays above this support zone the move toward 0.0475 becomes the natural first step before momentum attempts higher levels again.