Price is attempting to reclaim this zone, but the reaction here will define the next major move. A clean breakout and hold above resistance could shift momentum and open the path toward the 0.09 region.

However, failure to sustain above this level would confirm continued weakness, with the structure still favoring a move toward lower channel levels.

This is a high-stakes zone. Expansion is coming, direction depends on this level.

Accumulation 🟢
A phase where smart money quietly buys after a downtrend. Price moves sideways with low volatility while positions are built.

Markup 🚀
The strong upward move that follows accumulation. Price starts making higher highs and higher lows as demand takes control.

Distribution 🔴
A phase where smart money sells after an uptrend. Price ranges sideways while positions are offloaded to late buyers.

Markdown 📉
The strong downward move after distribution. Price makes lower highs and lower lows as selling pressure dominates.

The upward structure shows controlled relief, but price remains below the higher timeframe resistance and overall bearish trendline. This suggests buyers are weak and the move is likely just a pullback within a downtrend.

If price loses the lower boundary of the ascending channel, it could trigger a continuation move toward the lower range of the main channel.

Price is now forming a tight compression/mini consolidation near the lower half of the channel, showing weakening momentum and lack of bullish continuation. Every bounce is getting capped, confirming seller control.

This type of structure often leads to a breakdown. If support gives way, the next leg down could accelerate toward the channel lows.

As long as price stays below the midline and resistance zones, this remains a bearish continuation setup. The move is building, not reversing.