$LA just delivered one of the most aggressive moves on the 4H chart, surging over +60% in a single impulse after a prolonged downtrend.
Price previously trended lower for weeks, printing consistent lower lows, before a sharp liquidity sweep near the $0.16–$0.18 region triggered a violent reversal. The bounce has now pushed price back into the mid-range around $0.31, signaling strong demand stepping in at discounted levels.
This type of move often marks a potential trend reset, but volatility remains high.
Key levels to watch:
~ Support: $0.25–$0.27 zone (previous breakdown area)
~ Resistance: $0.34–$0.36 region (prior supply + wick highs)
If price can consolidate above $0.30, continuation toward the upper resistance becomes possible. Otherwise, a pullback to retest support would be healthy after such an explosive rally.
Momentum is back now it’s all about follow-through. #Macro Insights# #Bullish
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