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$BASED - Based on Current Situation
Price has already reached the 0.105 - 0.110 resistance zone and is showing multiple rejections here. RSI on both 15m and 1H is overheated and starting to reset, which increases the chances of a short-term pullback.
• Resistance: 0.105 - 0.110
• Immediate Support: 0.092 - 0.085
• Major trend Support: 0.080
🔄 Possible Scenario If price pulls back to 0.092 - 0.085 and buyers step in, we could see a strong continuation move.
🎯 Bullish Targets
• 0.120 - 0.140 (first expansion zone)
If price builds a strong base above 0.11 and market sentiment remains bullish: 0.20, 0.30, 0.50 (extended targets)
⚠️ Bearish Scenario Losing 0.080 would weaken the bullish structure and could lead to a deeper correction.
My View The trend is still bullish as long as 0.080 holds. A healthy retest into 0.092 - 0.085 would actually strengthen the chart and offer a better risk-to-reward entry before the next leg up. 🚀