What I see
After the earlier decline, price bounced from the lows near 0.69 and is now testing the daily resistance zone. It currently sits at 0.70136, inside the zone. I have this area marked as a D1 entry (IN) resistance.
Key levels
- D1 resistance: 0.70037–0.70304
- D1 support: 0.68738–0.68329
- W1 support: 0.6714–0.66593
My plan
For now this is a test of the zone, not a confirmed signal. I don't want to assume a direction until price reacts at the resistance. If a rejection shows up here, I will watch for a possible move back toward the D1 support. If price instead breaks through the zone cleanly and holds above its upper edge at 0.70304, my original idea at this resistance no longer applies and I will reassess.
