$MARSCOIN just pushed out of its recent range ๐ now the key question is whether this move can hold above the breakout area.
On the 4H chart, price had been ranging after dropping to 0.0822, forming a base and then creating higher lows. Now we have a strong push to around 0.1290, breaking above the recent local highs around 0.11โ0.12.
The first level Iโm watching is 0.12. If price holds above this area, the next visible resistance is around 0.1545. Above that, the chart shows 0.1952 and then 0.2360.
For the bullish scenario, a hold above 0.12 followed by another push through 0.1293 could open the way toward 0.1545 โ 0.1952 โ 0.2360. A possible pullback entry area is around 0.115โ0.120, with invalidation below the recent structure around 0.10.
For the bearish scenario, if this breakout gets rejected and price falls back below 0.12, the move could lose strength and revisit the 0.10 area. A deeper breakdown would bring 0.0822 back into focus.
Right now, Iโm watching whether 0.12 acts as support after this sharp move. A sustained move back below that level would weaken the breakout structure.
Guys, follow for more chart analysis ๐ Iโll keep showing you exactly what the chart is telling us. ๐๐ฅ
On the 4H chart, price had been ranging after dropping to 0.0822, forming a base and then creating higher lows. Now we have a strong push to around 0.1290, breaking above the recent local highs around 0.11โ0.12.
The first level Iโm watching is 0.12. If price holds above this area, the next visible resistance is around 0.1545. Above that, the chart shows 0.1952 and then 0.2360.
For the bullish scenario, a hold above 0.12 followed by another push through 0.1293 could open the way toward 0.1545 โ 0.1952 โ 0.2360. A possible pullback entry area is around 0.115โ0.120, with invalidation below the recent structure around 0.10.
For the bearish scenario, if this breakout gets rejected and price falls back below 0.12, the move could lose strength and revisit the 0.10 area. A deeper breakdown would bring 0.0822 back into focus.
Right now, Iโm watching whether 0.12 acts as support after this sharp move. A sustained move back below that level would weaken the breakout structure.
Guys, follow for more chart analysis ๐ Iโll keep showing you exactly what the chart is telling us. ๐๐ฅ
