Downtrend confirmed: multiple CHoCH (Change of Character) and BOS (Break of Structure) show bearish momentum.
Price is currently reacting below a supply zone (~$0.5503–0.5658).
Strong demand zone is visible around $0.4892–0.5000.
Price recently tapped into that lower demand zone and is showing minor rejection.
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Downtrend confirmed: multiple CHoCH (Change of Character) and BOS (Break of Structure) show bearish momentum.
Price is currently reacting below a supply zone (~$0.5503–0.5658).
Strong demand zone is visible around $0.4892–0.5000.
Price recently tapped into that lower demand zone and is showing minor rejection.