$US Tonight is preparing to hold at 0.05. Watch the 4-hour line and the daily chart. If the daily chart turns bullish today, reaching 0.06 tomorrow shouldn’t be a problem. But before going up, I estimate there may be a wave that kills short-term longs, with a wick potentially down to around 0.038.

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MacroNarrative
· 07-19 11:57
If 0.05 can hold steady, I’d be grateful—just don’t come up with any weird stuff like needles being inserted; my heart can’t take it.
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L2Prospector
· 07-19 11:52
You analyzed it so convincingly, but with the market sentiment so bad, whether it can reach 0.06 is really hard to say.
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PoolSong
· 07-19 11:32
A daily bullish reversal is definitely key, but this leg of short-term liquidation of longs will probably shake out a lot of people—wait for it to stabilize before entering.
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CodeReader
· 07-19 10:45
Buying in at 0.038—isn’t that basically giving away money? Place an order and just wait to get filled. Anyway, my position is light.
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BollingerBander
· 07-19 09:46
This analysis makes sense, but that 0.038 spike is a bit brutal—retail traders need to set their stop-losses properly.
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