- The trend is currently bearish, but there is visible mixed momentum since some indicators are bullish and price is trading between strong levels.
- I expect price to remain choppy between 0.06513 support and 0.06635 resistance unless one of these levels is decisively broken.
- If price pushes above 0.06635 with strong volume and lower time frame confirmation (such as a clear bullish engulfing or a clean break and retest), a move toward 0.06651 and even the most recent high at 0.06756 is possible.
- If price breaks below 0.06513 with momentum and confirms with bearish candlesticks or a sweep and rejection of liquidity, a drop toward 0.06488 and potentially the most recent low at 0.06444 could follow.
- For a valid setup, wait for confirmation such as a clear reversal pattern, a strong break and retest of one of these critical levels, or lower time frame momentum shifts. For example, if you see a pin bar or a bullish engulfing after a liquidity grab below 0.06513
