$ONE IS TRYING TO RECOVER AFTER A SHARP SELLOFF! IS A REVERSAL COMING?
I'm watching Harmony ($ONE ) closely on the 15M chart. Price is currently trading around $0.001729, down 14.95% over 24 hours after dropping from the $0.001995 area.
Buyers stepped in near the $0.001606 low, triggering a recovery. However, the price is still struggling to build strong bullish momentum, and the overall short-term structure remains cautious.
Key Market Levels:
- Current Price: $0.001729
- Support 1: $0.001672
- Major Support: $0.001606
- Resistance 1: $0.001758
- Major Resistance: $0.001843
- Higher Resistance: $0.001929
Volume & Participation:
24H Trading Volume: $23.15M
24H ONE Volume: 12.00B
Trading activity is significant, but buyers need to demonstrate stronger follow-through before I consider this a confirmed reversal.
My Trading Plan:
I'm watching the $0.001672–$0.001606 support zone for a potential spot accumulation opportunity.
If ONE holds support and reclaims $0.001758 with strong buying pressure, I would look for a move toward $0.001843 and potentially $0.001929.
However, a breakdown below $0.001606 would invalidate this recovery setup.
My Take:
I'm not chasing the current bounce. I want to see buyers reclaim resistance and confirm the shift in momentum first.
The next move around $0.001758 could be important in determining whether $ONE starts recovering or continues its downtrend.
Keep $ONE on your watchlist.
I'm watching Harmony ($ONE ) closely on the 15M chart. Price is currently trading around $0.001729, down 14.95% over 24 hours after dropping from the $0.001995 area.
Buyers stepped in near the $0.001606 low, triggering a recovery. However, the price is still struggling to build strong bullish momentum, and the overall short-term structure remains cautious.
Key Market Levels:
- Current Price: $0.001729
- Support 1: $0.001672
- Major Support: $0.001606
- Resistance 1: $0.001758
- Major Resistance: $0.001843
- Higher Resistance: $0.001929
Volume & Participation:
24H Trading Volume: $23.15M
24H ONE Volume: 12.00B
Trading activity is significant, but buyers need to demonstrate stronger follow-through before I consider this a confirmed reversal.
My Trading Plan:
I'm watching the $0.001672–$0.001606 support zone for a potential spot accumulation opportunity.
If ONE holds support and reclaims $0.001758 with strong buying pressure, I would look for a move toward $0.001843 and potentially $0.001929.
However, a breakdown below $0.001606 would invalidate this recovery setup.
My Take:
I'm not chasing the current bounce. I want to see buyers reclaim resistance and confirm the shift in momentum first.
The next move around $0.001758 could be important in determining whether $ONE starts recovering or continues its downtrend.
Keep $ONE on your watchlist.
