Market structure is bullish, with price consolidating after a sharp expansion and shallow pullback.
Price reversed aggressively from 0.038502, absorbing sell side liquidity and reclaiming prior value. Buyers pushed price into 0.045679, where profit-taking caused a rejection. The pullback has stalled around 0.0437, showing acceptance rather than continuation lower. Sellers are failing to regain control, and demand remains active above the reclaimed zone.
Continuation remains valid as long as price holds above the 0.043 support area. A clean loss of that level would signal failed acceptance and invalidate the setup.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Market structure is bullish, with price consolidating after a sharp expansion and shallow pullback.
Price reversed aggressively from 0.038502, absorbing sell side liquidity and reclaiming prior value. Buyers pushed price into 0.045679, where profit-taking caused a rejection. The pullback has stalled around 0.0437, showing acceptance rather than continuation lower. Sellers are failing to regain control, and demand remains active above the reclaimed zone.
Trade setup
EP: 0.0435 – 0.0440
SL: 0.0399
TP1: 0.0457
TP2: 0.0465
Continuation remains valid as long as price holds above the 0.043 support area. A clean loss of that level would signal failed acceptance and invalidate the setup.
$SKR #GateTradFi1gGoldGiveaway
#SpotGoldHitsaNewHigh
#GrowthPointsDrawRound16
#TariffTensionsHitCryptoMarket
#CryptoMarketPullback