$RE Bullish breakout?
For a long time, the price remained in a short (downtrend).
However, right now, buyers have managed to form a local bottom (a green order block at the bottom) and have impulsively confirmed a bullish break of structure (CHoCH at the $0.6900 level).
The main bearish order block: the wide red range $0.8800 – $0.9800 (the zone of past major distribution, where the price is now rapidly heading).
For a long time, the price remained in a short (downtrend).
However, right now, buyers have managed to form a local bottom (a green order block at the bottom) and have impulsively confirmed a bullish break of structure (CHoCH at the $0.6900 level).
The main bearish order block: the wide red range $0.8800 – $0.9800 (the zone of past major distribution, where the price is now rapidly heading).