$MTL I’ve softened the first read on : constructive, but it still has to earn the day.
A +14.48% (24h) move is proof of interest, not proof of continuation. The level I care about is $0.3657: if price revisits it, I want the dip absorbed there and a close back above that first response area.
My preferred scenario is a retest that holds, then acceptance reclaiming $0.3911. If $0.3911 is approached directly and rejected, focus goes back down. The continuation idea ends only if $0.2424 is lost; that is where the structure breaks, not at the first retest.
#Crypto #Retest
A +14.48% (24h) move is proof of interest, not proof of continuation. The level I care about is $0.3657: if price revisits it, I want the dip absorbed there and a close back above that first response area.
My preferred scenario is a retest that holds, then acceptance reclaiming $0.3911. If $0.3911 is approached directly and rejected, focus goes back down. The continuation idea ends only if $0.2424 is lost; that is where the structure breaks, not at the first retest.
#Crypto #Retest
