Price just pulled back after a sharp impulse — structure still unstable but forming a base.
Quick Technical Breakdown (4H + 15M view)
• Support: First strong reaction zone sits around 0.236 – 0.240 (where buyers stepped in after the wick).
• Major Demand: Deep liquidity sweep earlier at 0.156 — extreme wick, likely stop-hunt + fresh demand creation.
• Resistance: The clear intraday cap is 0.289 — repeated rejection, long upper wick shows selling pressure.
• Current Structure: Price is compressing between 0.24 – 0.26 after that big volatile candle. Bulls defending the mid-range but momentum slowing at the top.
• Breakout Trigger: Clean break above 0.266 needed to re-test 0.289.
• Breakdown Trigger: Losing 0.236 opens room back toward 0.207 – 0.215 liquidity pocket.
• Volume Behavior: Impulse volume was heavy on the wick spike, but follow-through lighter — typical exhaustion but not fully reversed.
• Risk Levels:
– Invalidation (for any upside attempts): Close below 0.236
– Upside targets (if breakout happens): 0.266 → 0.289 → 0.295
– Downside targets (if breakdown happens): 0.236 → 0.215 → 0.178
Structure is currently neutral but loaded with volatility — both sides need confirmation before committing.
