$BTW After the sell-off, the price found support in the area of the local demand zone around 0.075, where it formed a reversal structure.
Buyers were able to deliver a strong upward impulse that, in a single candle, broke through the EMA50 and EMA200, restoring an advantage to the longs. While the local trend currently looks bullish, directly above the price there is a sell zone around 0.105.
If buyers can break through this resistance, the move will gain potential to develop toward the upper boundary of the range. In case of a pullback, the most likely scenario is a return to the moving averages, which should now act as support.
Buyers were able to deliver a strong upward impulse that, in a single candle, broke through the EMA50 and EMA200, restoring an advantage to the longs. While the local trend currently looks bullish, directly above the price there is a sell zone around 0.105.
If buyers can break through this resistance, the move will gain potential to develop toward the upper boundary of the range. In case of a pullback, the most likely scenario is a return to the moving averages, which should now act as support.