I'm watching $UB after the sharp rejection from 0.1481. The move higher was fueled by strong momentum, but once buyers failed to break through resistance, profit-taking kicked in and pushed price back toward the 0.1100 support zone.
What's interesting is that the selloff is now slowing down. Price has started stabilizing above recent lows, and RSI has recovered from oversold conditions toward neutral territory, suggesting bearish momentum is fading. The current structure looks like a healthy reset after an overheated rally rather than a complete trend reversal.
For bulls, the key level is 0.1200. A reclaim of that zone would signal that buyers are regaining control and could open the door for a move back toward 0.1360 and eventually the 0.1481 high. On the downside, losing the 0.1100 support area would invalidate the recovery setup and likely attract further selling pressure.
Right now, this chart is showing signs of support formation after a strong rejection. The next few candles should reveal whether this is accumulation before another leg higher or simply a temporary pause in the correction.
Trade #UB here
$ARX $O
What's interesting is that the selloff is now slowing down. Price has started stabilizing above recent lows, and RSI has recovered from oversold conditions toward neutral territory, suggesting bearish momentum is fading. The current structure looks like a healthy reset after an overheated rally rather than a complete trend reversal.
For bulls, the key level is 0.1200. A reclaim of that zone would signal that buyers are regaining control and could open the door for a move back toward 0.1360 and eventually the 0.1481 high. On the downside, losing the 0.1100 support area would invalidate the recovery setup and likely attract further selling pressure.
Right now, this chart is showing signs of support formation after a strong rejection. The next few candles should reveal whether this is accumulation before another leg higher or simply a temporary pause in the correction.
Trade #UB here
$ARX $O