Here the chart gives the strong support area
It is observed that the Buying pressure is increased
There may be a chance of rebounding to $0.8 ~ $1.
Note: Information here for study purpose
My view on the market is BULLISH, but following observations are important:
A Bearish WEDGE pattern formed and is shown in the chart
The Bearish RSI divergence also supports above formation
If there is only a small correction, then the levels of corrections may be between the given Green lines.
However, if it cross the trendline above the price action candles,...