Price has been testing this current price area for months now, since it first reached it back in the spring. With it being the all-time low zone, I'm looking for a buy setup here as a possible triple bottom formation seems to be forming. Around 0.68 would be my target level.
Trade active
Trade active:
Pretty blatant fakeout past all-time low support happened this week, in my opinion. But notice how price has rebounded sharply today on the last day of the month to close out the monthly candle. I'm still expecting a strong bullish reaction from this zone.
Trade active
Trade active