After sliding 25% from its August 22 high of $0.075, the price has been holding a support shelf at $0.0549-0.0551 for three straight days now.
Three signals overlap near $0.055: a dip below the low bought back at once, selling volume down to a twentieth of its peak, and weakening downside force.
If a four-hour candle closes below $0.0546, that support shelf has broken and the idea is wrong, which is exactly where the stop-loss sits.
The full analysis is for members
Analysis by methodology (ICT, Wyckoff, Elliott, divergence, macro, news), invalidation levels, R:R and confidence are in the member report.
