What’s happening:
Clean breakout from descending channel
Strong impulse move with volume expansion
Range accumulation acting as a solid base

Key levels:
Immediate support: 0.05 – 0.06 zone (previous range top)
Current momentum level: ~0.079
Higher resistance targets: 0.15 → 0.40 HTF zones

Bullish scenario:
If price holds above the breakout zone and flips it into support, continuation toward 0.15 is likely. Breaking that opens a larger move toward 0.40 macro resistance.

Bearish scenario:
If price fails to hold above 0.05, it could fall back into the previous range, weakening the breakout structure.
Right now, this is a classic accumulation → breakout transition, and momentum is clearly favoring the upside.

Candlesticks 📊

Each candle shows 4 key prices:

• Open – where price started
• Close – where price ended
• High – highest point
• Low – lowest point

Bullish candles (green) close above open → buyers in control.
Bearish candles (red) close below open → sellers in control.

The real body shows the strength of the move.
The wicks (shadows) show rejection from highs or lows.

Read the story behind the candle, not just the color. 🎯

After forming a base near the lows, price has pushed up and is now testing a confluence zone:

Descending trendline resistance
Fibonacci 0.5 – 0.618 area
Horizontal supply zone around 0.0155 – 0.0165

What’s happening:

Higher lows forming short term
Price compressing into resistance
Momentum slowing as it approaches supply

Bullish scenario:
A clean breakout and hold above 0.0165 could shift structure and open a move toward 0.019 – 0.021 and after 0.025.

Bearish scenario:
Rejection from this zone is likely, which could send price back toward 0.013 → 0.012 support, and potentially continue within the larger downtrend.

Right now, this is a decision zone, where price is testing strong resistance inside a broader bearish structure.