$USELESS My first read on was constructive but fragile, and the +28.54% (24h) move in the last 24 hours is what nudged me from fragile to credible. Not automatic — credible.
Everything now sits on 0.2333. After a run like this, price pulling back there is normal; what I need to see is buyers actually absorbing the offers at that price, then a firm close back above it. That combination turns a plain retest into continuation evidence. A quick reclaim matters to me — hesitation that lets 0.2333 act as rejection is exactly what keeps me unconvinced.
If that happens, I'd expect an accepted approach toward 0.2496, though acceptance failing just under it would make me patient again rather than excited.
And the line that ends this whole idea is 0.0633. Lose that structurally and the continuation scenario is done for me, no matter how the candles look above it.
#Crypto #Retest
Everything now sits on 0.2333. After a run like this, price pulling back there is normal; what I need to see is buyers actually absorbing the offers at that price, then a firm close back above it. That combination turns a plain retest into continuation evidence. A quick reclaim matters to me — hesitation that lets 0.2333 act as rejection is exactly what keeps me unconvinced.
If that happens, I'd expect an accepted approach toward 0.2496, though acceptance failing just under it would make me patient again rather than excited.
And the line that ends this whole idea is 0.0633. Lose that structurally and the continuation scenario is done for me, no matter how the candles look above it.
#Crypto #Retest
