Let’s be real, that recent wick to 0.156 was a liquidity grab🤷📉
The daily closed as a massive bearish engulfing candle, and we are currently sitting at $0.072.
I’ve marked out the two critical zones:
🔴 Red Box (Supply): 0.13 - 0.15. Heavy resistance. Until we break and close above this daily, the trend is still technically down
🟢 Green Box (Demand): 0.03 - 0.04. This is our origin block from the first leg up.
Right now, price is stuck in no-man's land. My play is to wait for a retest of the green zone.
If we get a strong rejection wick down there, that's my entry for a swing long back up to the local highs.
Invalidation is a daily close below 0.03. Patience pays. 💧
$BULLA
The daily closed as a massive bearish engulfing candle, and we are currently sitting at $0.072.
I’ve marked out the two critical zones:
🔴 Red Box (Supply): 0.13 - 0.15. Heavy resistance. Until we break and close above this daily, the trend is still technically down
🟢 Green Box (Demand): 0.03 - 0.04. This is our origin block from the first leg up.
Right now, price is stuck in no-man's land. My play is to wait for a retest of the green zone.
If we get a strong rejection wick down there, that's my entry for a swing long back up to the local highs.
Invalidation is a daily close below 0.03. Patience pays. 💧
$BULLA
