The market just dumped $NFP 66% in a day, and the 4‑hour chart is screaming another drop.
Read the key zones below 👇
The 4‑hour EMA7 sits well under EMA25 and RSI is stuck at 12.9, flagging an exhausted rally. Yet a bearish unfilled gap between 0.00479 – 0.00445 and a volume‑profile point‑of‑control near 0.00678—far above today’s price—suggest buying pressure has evaporated.
Current price hovers around the 0.00182 area. If $NFP slides below the ~0.00191 invalidation zone, the next leg could head toward the ~0.00166 objective. Holding above the ~0.00191 line would invalidate this bearish read.
My read: the chart is primed for a further dip toward the mid‑0.0016s unless a sharp bounce breaks the ~0.00191 ceiling.
Follow me for the next breakdown analysis when the price tests that ceiling – you’ll see the next move before it’s priced in. What level are you watching on $NFP? 👇
⚠️ Not financial advice. DYOR.
#NFP #Crypto #BinanceSquare #TopLoser
Read the key zones below 👇
The 4‑hour EMA7 sits well under EMA25 and RSI is stuck at 12.9, flagging an exhausted rally. Yet a bearish unfilled gap between 0.00479 – 0.00445 and a volume‑profile point‑of‑control near 0.00678—far above today’s price—suggest buying pressure has evaporated.
Current price hovers around the 0.00182 area. If $NFP slides below the ~0.00191 invalidation zone, the next leg could head toward the ~0.00166 objective. Holding above the ~0.00191 line would invalidate this bearish read.
My read: the chart is primed for a further dip toward the mid‑0.0016s unless a sharp bounce breaks the ~0.00191 ceiling.
Follow me for the next breakdown analysis when the price tests that ceiling – you’ll see the next move before it’s priced in. What level are you watching on $NFP? 👇
⚠️ Not financial advice. DYOR.
#NFP #Crypto #BinanceSquare #TopLoser
