$H — Rejection Confirmed, Now Watch the Reaction
The move from 0.070 → 0.170 was extremely aggressive, and the rejection from 0.17017 shows that sellers are finally defending the highs.
From the 4H structure:
0.113–0.116 → immediate demand/support
0.131 → first recovery level
0.153 → major resistance
0.170 → breakout/retest level
The important part now isn't the red candle itself — it's what price does around 0.113–0.116.
If buyers defend this zone and reclaim 0.131, the sell-off can develop into a healthy pullback before another attempt toward 0.153 → 0.170.
If 0.113 breaks with a strong 4H close, the bullish structure weakens and a deeper retracement toward 0.10–0.087 becomes much more likely.
Professional view: don't chase the bounce and don't blindly short the dump. Let the next structure form, then trade the confirmation.
The move from 0.070 → 0.170 was extremely aggressive, and the rejection from 0.17017 shows that sellers are finally defending the highs.
From the 4H structure:
0.113–0.116 → immediate demand/support
0.131 → first recovery level
0.153 → major resistance
0.170 → breakout/retest level
The important part now isn't the red candle itself — it's what price does around 0.113–0.116.
If buyers defend this zone and reclaim 0.131, the sell-off can develop into a healthy pullback before another attempt toward 0.153 → 0.170.
If 0.113 breaks with a strong 4H close, the bullish structure weakens and a deeper retracement toward 0.10–0.087 becomes much more likely.
Professional view: don't chase the bounce and don't blindly short the dump. Let the next structure form, then trade the confirmation.