ID On the 1H timeframe, ID is clearly trading inside a well defined descending channel, respecting lower highs and lower lows. The macro intraday trend remains bearish as long as price stays inside that channel.
🔍 Current Structure
Recently, price formed a short term ascending mini range / rising structure near the lower half of the channel. This suggests local accumulation after a strong sell off.
We are currently sitting around the 0.0515 – 0.0530 area, which is acting as an intraday pivot zone.
📌 Key Levels
• 0.0515 → Local support / flip Level
• 0.0445 – 0.0460 → Major channel support & liquidity area
• 0.0652 → Resistance Level
• 0.0926 → Higher timeframe major resistance
🧠 Possible Scenarios
🟢 Bullish Case
If price holds above 0.0515 and breaks the descending channel resistance, we can expect continuation toward 0.065 first, and potentially expansion toward 0.09 zone.
🔴 Bearish Case
If the current structure fails and 0.051 breaks with momentum, market could sweep liquidity around 0.0445 before any meaningful bounce.
For now, short term structure is improving, but confirmation only comes with a clean channel breakout.
@SPACE ID $ID #IDToken #id