- Right now, price is consolidating above a demand zone and equilibrium; indicators are mixed but with a tilt to bullish in the short-term. I expect a possible bounce from the 0.00000483–0.00000485 region towards 0.00000495 and 0.00000505, as long as price does not lose the 0.00000483 level.
- If 0.00000483–0.00000485 fails to hold and price closes below 0.00000469, I expect a further drop to the 0.00000464 and 0.00000461 zones.
- For a high-probability long, look for a swift sweep below equilibrium and a reversal confirmation. For shorts, wait for a manipulation above 0.00000505 or 0.00000518 and a reversal setup.
- If price closes and holds above 0.00000505, a move to 0.00000518 or even 0.00000535 is likely. If price closes below 0.00000469, expect more downside.
- My bias: short-term bounce likely from current region, but remain flexible. Trade only with confirmation!