This is a bullish recovery structure, not a bearish one.
Why bullish: • Strong support held at 1.30–1.35 after a prolonged downtrend. • A clear double bottom is forming → classic reversal signal. • Descending channel is being exited, showing trend pressure is easing. • Price reclaimed key moving averages and followed with an impulse move → short-term control shifting to buyers. • Volume response is healthy, with no aggressive selling.
What keeps it bullish: • As long as 1.35 holds, upside continuation remains the primary scenario. • Magnet zones above: • 1.90–2.05 (liquidity + volume cluster) • 2.20–2.30 (0.618 + supply interaction) • 2.70–2.80 (major upside target / prior distribution)
Invalidation / risk: • A daily close back below 1.35 would weaken the setup and reopen deeper correction risk.
Bottom line: 📈 Market bias: Bullish continuation, but it’s a structured recovery, not a vertical rally. Patience and level-by-level reaction matter
This setup is not bullish yet. It’s a counter-trend bounce after a decline, and price is now reacting at a supply + Fib resistance zone.
Key reasons it’s bearish-biased: • The upside move looks like a relief bounce, not a structure flip • Price is stalling at $0.60 (0.236 Fib + local level) • EMA compression after a spike → typical pullback signal • No strong demand above, while liquidity sits lower around $0.55 • Volume profile supports a move down to collect liquidity
👉 So the trade idea aligns with a short / pullback continuation, not trend reversal.
Bias summary: • Short-term: Bearish / corrective • Medium-term: Neutral until $0.60–$0.62 is reclaimed and held
If price accepts above $0.62 with volume, then the bias would shift. Until then, sellers have the edge. 📉
Buying SOL below $145 right now is more likely to lead to losses rather than gains. That zone sits beneath a critical support area, and a breakdown below it would signal weakening market structure and renewed selling pressure. Instead of acting as a value-buying opportunity, sub-$145 levels could trap buyers in a bearish continuation move, exposing positions to deeper downside before any meaningful recovery. Patience and confirmation are essential here—aggressive buying below $145 carries higher risk than reward.
Wait patiently. Rushing into trades without confirmation often leads to unnecessary losses. Allow the market to show clear strength and structure before committing capital—patience protects capital and creates better opportunities.
📊 $ETH at Critical Juncture: Bulls Must Defend $2,200-2,135
🟢The Significance of the $2,135 - $2,200 Zone!
This isn't just a random level. It's a high-volume node from the 2021-2022 cycle and acted as strong resistance in Q4 2023 before becoming support in Q1 2024. A successful retest here would be a classic "breakout -> retest -> continuation" pattern, significantly strengthening the bull case.
📌Critical Zone: $2,135 - $2,200 is a major demand zone and a line in the sand for the bullish thesis. 📌 Scenarios: Hold -> rally; Break →> deeper correction to ~$1,950.
📊 $BTC breaking out of a descending triangle to the upside is already a bullish deviation from the usual bearish bias of this pattern.Now the key is the retest.
⏳This is exactly what you want to see after a breakout: Break → Hold → Retest → Continuation
This sits right above the key support cluster you mentioned. Price has reacted from this zone previously, so entering here aligns with a “buy-the-dip at support” idea.
🟢Support Zone Strength
•Multiple previous reversals from this region → indicates buyers consistently stepping in. •As long as candles continue to close above support with stronger wicks on the downside, structure remains bullish.
The $TAG experienced a significant price surge in early August followed by a sharp correction. After finding strong support at 0.0001230, the price has established a recovery pattern with higher lows. The current price action shows accumulation with increasing buying volume, supported by positive technical indicators across multiple timeframes.
⏺️The technical indicators confirm this bullish momentum with positive MACD crossover, rising RSI values across multiple timeframes, and price breaking above key moving average levels. The current price of 0.1222 represents a 11.81% daily gain, suggesting strong buying interest.
📌Support Levels: Strong support: 0.0935 (recent double bottom) Medium support: 0.1089 (24h low) Minor support: 0.1150
📌Resistance Levels: Immediate resistance: 0.1266 Medium resistance: 0.1483 (24h high) Major resistance: 0.1500 (previous consolidation area
Xrp is rebounding from strong support at $1.6970 forming a triple bottom pattern. A breakout from the downtrend channel signals a possible bullish reversal.
$ADA Currently forming a familiar accumulation box near key support at $0.29–$0.37, similar to the breakout seen in 2024. If the pattern repeats, potential bullish targets are: