Structure first, alpha second. I analyze markets through the lens of technical structure and on-chain data. Follow for clarity, not noise. Opinion, not advice.
$DEEP | 4hour Structure: Bullish – price is trading above MA(7) and MA(25), and is currently above the open, indicating buyers are in control. Support: 0.03419 (24h Low) Resistance: 0.04513 (24h High)
Structure: The 4H chart is holding a textbook higher-low, higher-high uptrend. After a sharp rally from the 0.0914 bottom into the 0.2166 zone, price is now cooling off around 0.1248. RSI on the 4H sits between 79-84 — clearly overbought, so this pullback looks like a natural reset. That said, funding rate remains negative (-0.08%) and open interest is flat, meaning the market isn't flipping full bearish just yet.
Support: 0.0960 — This is where the latest impulsive leg started. Structurally, it's the strongest nearby demand zone. Resistance: 0.1887 - 0.2166 — The intraday high area. 0.2166 was rejected quickly, likely due to thin liquidity rather than heavy supply.
Scenario: ✅ Break above 0.1887 → target 0.2166 short-term, with 0.2400 as the next psychological resistance ❌ Drop below 0.0960 → target 0.0815, the next major liquidity pool if structure breaks down