Price is currently pressing into the 0.0075 resistance zone — a level that has rejected price multiple times in the past. You can clearly see previous sharp wicks from this area, which confirms strong supply here.
The positive side:
• Last 3 days show consistent higher highs.
• Strong recovery from 0.0048 bottom
• Momentum gradually building
• Price holding above 0.0068 short-term structure
That tells us bullish pressure is active.
Now the key question is simple — can it break 0.0075 with strength?
If we get a clean 4H close above 0.0075 and price sustains above it, then the path toward 0.0080 opens up naturally. That would confirm a structural shift and continuation.
If rejection happens here, pullback toward 0.0068 support becomes likely. That zone is important. As long as price holds there, bulls still have a chance for another breakout attempt.
However, if 0.0068 fails decisively, the bullish structure weakens and broader bearish trend can resume.
Right now this is pure breakout-or-reject moment. The next few candles will define direction.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
