$IDOL | 1h
📍 Price: ~$0,020721 (identified on the chart)
Most likely scenario: 📉 Selling pressure / Support test
* Target: $0,014821 (Recent low visible on the chart)
* Stop: $0,0238851 (Bollinger Middle Band - MB)
The price on the 1h chart is trading below the Bollinger Middle Band (MB: $0,0238851) after a sharp correction and loss of support, putting pressure on the lower region. With the stop tightly set at the middle band ($0,0238851), the structure points to the downward move continuing toward support at $0,014821, ensuring an excellent risk/reward asymmetry in line with the strategy.
⚠️ If it breaks above $0,0238851: the bearish scenario is invalidated.
📍 Price: ~$0,020721 (identified on the chart)
Most likely scenario: 📉 Selling pressure / Support test
* Target: $0,014821 (Recent low visible on the chart)
* Stop: $0,0238851 (Bollinger Middle Band - MB)
The price on the 1h chart is trading below the Bollinger Middle Band (MB: $0,0238851) after a sharp correction and loss of support, putting pressure on the lower region. With the stop tightly set at the middle band ($0,0238851), the structure points to the downward move continuing toward support at $0,014821, ensuring an excellent risk/reward asymmetry in line with the strategy.
⚠️ If it breaks above $0,0238851: the bearish scenario is invalidated.
