The 4‑hour pivot is hanging by a thread at 0.00182, and the bears are already digging the next hole.
Here’s why the downside may keep digging 👇
Price is trapped below both short‑term EMAs and RSI is stuck in the single‑digits – classic capitulation. Yet the volume profile’s point of control sits above the current price, so any bounce would likely be short‑lived.
On the 4‑hour chart the market is flirting with the ~0.00182 zone. A close below the ~0.00191 barrier would invalidate the bearish premise, while the next likely target sits near the ~0.00166 area. If $NFP slips past the ~0.00191 level, the bearish case collapses. Tap $NFP to pull up the chart and see these zones yourself.
My read: the chart is screaming for a further slide toward the ~0.00166 floor, and losing the ~0.00191 area would flip the narrative.
Follow me for the next level‑watch update – I’ll break down what a move past the objective zone means for the rest of the week.
What do you think – does $NFP respect the ~0.00166 floor or break lower? 👇
⚠️ Not financial advice. DYOR.
#NFP #Crypto #BinanceSquare #TopLoser
Here’s why the downside may keep digging 👇
Price is trapped below both short‑term EMAs and RSI is stuck in the single‑digits – classic capitulation. Yet the volume profile’s point of control sits above the current price, so any bounce would likely be short‑lived.
On the 4‑hour chart the market is flirting with the ~0.00182 zone. A close below the ~0.00191 barrier would invalidate the bearish premise, while the next likely target sits near the ~0.00166 area. If $NFP slips past the ~0.00191 level, the bearish case collapses. Tap $NFP to pull up the chart and see these zones yourself.
My read: the chart is screaming for a further slide toward the ~0.00166 floor, and losing the ~0.00191 area would flip the narrative.
Follow me for the next level‑watch update – I’ll break down what a move past the objective zone means for the rest of the week.
What do you think – does $NFP respect the ~0.00166 floor or break lower? 👇
⚠️ Not financial advice. DYOR.
#NFP #Crypto #BinanceSquare #TopLoser
