✅ $OVL erall Market Condition
Price: 0.1632
Change: –5.34%
MA60: 0.1645 (above price, sloping down)
This is a downtrend, with price staying below the MA60 and no strong reversal signs yet.
📉 Bearish Factors
Price is moving consistently under the MA60, meaning sellers are in control.
MA60 is steep downward, which shows strong downward pressure.
Volume has collapsed after the big pump candle → no followthrough buying.
The last few candles show lower highs, indicating momentum weakening.
🧠 Key Levels
Support Zones
0.1625 (first local support price is sitting exactly above it)
0.1610 (major support if broken, downtrend may speed up)
Resistance Zones
0.1645 (MA60) → major resistance
0.1660 → breakout level
0.1675–0.1680 → strong supply zone
🎯 Trade Scenarios (Not financial advice)
1️⃣ Bullish Reversal Attempt
Only consider if candles start closing above 0.1645 (MA60) with volume.
Entry: 0.1646
TP1: 0.1660
TP2: 0.1675
SL: Below 0.1628
This is a low-probability scenario until MA60 breaks.
2️⃣ Bearish Continuation (more likely now)
If price loses 0.1625, more downside is expected.
Entry: 0.1623
TP1: 0.1610
TP2: 0.1595
SL: Above 0.1646
Downtrend currently supports this more.
🔍 What You Should Watch
If the price gets rejected again at 0.1638–0.1645, expect more downside.
If volume increases near 0.1645, then a breakout attempt is possible.
If volume stays low → sideways then down.
📌 Quick Summary
Trend: Bearish
Momentum: Weak
