Technical Analysis – Overview$PIPPIN
The price is still in a phase of testing the trend after a clear downward movement and correction.
The current area is sensitive and requires price confirmation before considering the upward movement as valid.
The most important condition:
✅ No positive confirmation unless two 4-hour candles close above
The purple line / level 0.33 after the drop.
If the condition is met:
That would signal a regain of control by buyers.
The likelihood of continued upward movement towards the upper supply areas becomes stronger.
In case of failure:
Any price rejection or closures below 0.33 means that the current movement
Is merely a correction within a weaker trend.
The scenario remains open for a retest of the lower demand areas.
Areas to watch:
0.33 → Level of confirmation or rejection.
Above it = Potential positive momentum.
Below it = Caution and waiting
.