$XDP is approaching an important decision zone on the 30-minute timeframe, and the current structure suggests that another bearish leg remains possible.
Following the sharp decline from the $0.01930 region, price experienced a strong but volatile rebound from the $0.01815 area. Despite this recovery, the market has not yet demonstrated a convincing break above the previous supply zone, which sits around $0.01920–$0.01940. This area could become a key resistance level if price returns to test it.
The scenario I am watching is a short-term push higher into supply, followed by a rejection that brings sellers back into control. If that reaction is confirmed by bearish price action, the recent low near $0.01815 becomes a potential downside target.
The setup depends on how price behaves at resistance. If buyers reclaim the supply zone and hold above it, the bearish thesis would need to be reassessed. Until then, the recovery could remain corrective rather than represent a confirmed trend reversal.
Patience and confirmation matter more than prediction. The chart provides a possible path, but price action must validate it before any trading decision is made.
#FedMinutesFocusOnOctoberPause
Following the sharp decline from the $0.01930 region, price experienced a strong but volatile rebound from the $0.01815 area. Despite this recovery, the market has not yet demonstrated a convincing break above the previous supply zone, which sits around $0.01920–$0.01940. This area could become a key resistance level if price returns to test it.
The scenario I am watching is a short-term push higher into supply, followed by a rejection that brings sellers back into control. If that reaction is confirmed by bearish price action, the recent low near $0.01815 becomes a potential downside target.
The setup depends on how price behaves at resistance. If buyers reclaim the supply zone and hold above it, the bearish thesis would need to be reassessed. Until then, the recovery could remain corrective rather than represent a confirmed trend reversal.
Patience and confirmation matter more than prediction. The chart provides a possible path, but price action must validate it before any trading decision is made.
#FedMinutesFocusOnOctoberPause