Did you notice how $TRADOOR is quietly starting to crawl back up after that rejection?
The chart shows a pretty clear battle going on around the 1.25 level. We hit a peak at 1.259 and then took a sharp dip, but the interesting part is how quickly it caught a bid at 1.15 and started rounding back up. Right now, we are sitting at 1.218. The price action looks like it's trying to build a higher base here. The volume is steady at 13M, nothing crazy, but enough to keep the momentum alive. If we can consolidate and break past that 1.23 local resistance, we might actually see a second leg up to challenge that previous wick at 1.26. On the flip side, if we lose 1.19, it might just bleed back down to the 1.11 support area. I’m watching the next few candles to see if the buyers have enough gas left to flip this into a proper trend.
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Did you notice how $TRADOOR is quietly starting to crawl back up after that rejection?
The chart shows a pretty clear battle going on around the 1.25 level. We hit a peak at 1.259 and then took a sharp dip, but the interesting part is how quickly it caught a bid at 1.15 and started rounding back up.
Right now, we are sitting at 1.218. The price action looks like it's trying to build a higher base here. The volume is steady at 13M, nothing crazy, but enough to keep the momentum alive.
If we can consolidate and break past that 1.23 local resistance, we might actually see a second leg up to challenge that previous wick at 1.26. On the flip side, if we lose 1.19, it might just bleed back down to the 1.11 support area.
I’m watching the next few candles to see if the buyers have enough gas left to flip this into a proper trend.
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