⚠️ Coin $4 targets the supply zone before an upcoming move
🔴 Technical direction: a strong continuous bullish impulse, targeting entry and testing the supply zone while monitoring
📍 Monitoring zone: 0.021500 – 0.023200
🎯 Corrective price targets:
• Target 1: 0.019251
• Target 2: 0.018518
• Target 3: 0.017807
❌ Invalidation: a 1-hour candle close above 0.023500
💡 Technical rationale: the price is currently trading with a strong extended bullish candle, along with the oscillator entering an area of extremely overbought conditions, and the move transitioning into a transitional phase, despite the ongoing bullish momentum and the dominance of a bullish bias.
🔴 Technical direction: a strong continuous bullish impulse, targeting entry and testing the supply zone while monitoring
📍 Monitoring zone: 0.021500 – 0.023200
🎯 Corrective price targets:
• Target 1: 0.019251
• Target 2: 0.018518
• Target 3: 0.017807
❌ Invalidation: a 1-hour candle close above 0.023500
💡 Technical rationale: the price is currently trading with a strong extended bullish candle, along with the oscillator entering an area of extremely overbought conditions, and the move transitioning into a transitional phase, despite the ongoing bullish momentum and the dominance of a bullish bias.
