Price previously filled the imbalance at $0.069 and moved down from there. It recently left a 4h supply zone around $0.064 and it is currently sitting on the S/R flip at around $0.056. MACD is still bearish however it is showing some weakness, RSI is nearly oversold and EMAs are turning bearish. If price closes below $0.054 then it would be heading towards the next support around $0.51 before seeing a bullish reversal. Waiting for more confirmation.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.