#DanielNadem
saw a sharp expansion off the 0.065 area, pushing aggressively into the 0.24 zone before getting heavily rejected. That spike was fast and emotional, and sellers stepped in hard at the highs. Since then, price has been unwinding lower in a controlled way, bleeding back into the 0.10–0.11 area. The recent dip into this zone swept local lows but didn’t continue lower. Instead, price stabilized and started holding, which tells me sell-side liquidity was likely taken and the panic phase is behind us. This looks more like digestion after excess, not active distribution.
Market Read
Right now I’m watching how price behaves around the 0.105–0.112 area. Structure on lower timeframes is tightening, with price holding above the recent sweep and trying to form a higher low. Momentum is muted, but downside pressure has clearly slowed. As long as price holds this base, there’s room for a rotation higher into nearby resistance. Losing this area would signal the correction isn’t done yet.
Entry Point
0.105 – 0.112
Target Points
TP1: 0.125
TP2: 0.145
TP3: 0.175
Stop Loss
Below 0.095
How it’s possible
The selloff from the highs flushed late longs and cleared liquidity below short-term support. Once that was done, price stopped accelerating lower and began compressing. From a price-action perspective, that often sets the stage for a corrective push as the market rebalances after an overextended move. Continuation only makes sense if buyers defend higher lows. If the base fails, the market is signaling more downside.
No rush here. Stay patient, respect risk, and let price confirm before making decisions.
