Now price is stabilizing around 0.96–0.97, forming a potential double-bottom structure near 0.95.
This zone matters. Why?
Because this is where buyers have reacted twice.
If 0.95 keeps holding, we’re looking at compression before expansion.
🔺 Upside scenario
Reclaim and hold above 0.99–1.00 → momentum opens toward:
• 1.03–1.05 (previous high zone)
• Break above 1.05 = continuation leg potential
🔻 Downside scenario
If 0.95 fails with volume:
• Quick move toward 0.92
• Then 0.90 psychological support
Right now this isn’t trending — it’s coiling.
Market structure here is about reaction, not prediction.
Watch for volume expansion on either side of 0.95 or 1.00. The next move won’t be small.
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.
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.
