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It wicked below the long-term support zone and instantly reclaimed, that’s a strong deviation move.
Now it’s forming a solid base right under the macro downtrend line that’s been in play since 2021.
If it breaks through that diagonal and flips the $4.8 zone, we could see a sharp run toward $11–12 🚀
Basically, long-term structure looks bottomed out, breakout from here could confirm a full trend reversal.
It wicked below the long-term support zone and instantly reclaimed, that’s a strong deviation move.
Now it’s forming a solid base right under the macro downtrend line that’s been in play since 2021.
If it breaks through that diagonal and flips the $4.8 zone, we could see a sharp run toward $11–12 🚀
Basically, long-term structure looks bottomed out, breakout from here could confirm a full trend reversal.
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