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Technical Analysis:

Current Price: 1.06770 USDT

Price Change: -13.74%

Indicators Used:

Fibonacci Retracement

Price Action (HH, HL, CHoCH)

Volume and Order Blocks

Liquidity Zones

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Key Observations:

1. Fibonacci Levels:

Price has broken below 0.382 Fibonacci level (1.20000).

Currently near the 0.236 Fibonacci level, suggesting weak bullish strength.

The 0.618 and 0.786 levels (resistance) are located around 1.38 - 1.50, far from the current zone.

2. Market Structure:

Multiple CHoCH (Change of Character) to the downside indicate a bearish structure.

A Lower High (LH) followed by Lower Lows (LL) supports downtrend continuation.

Current drop has invalidated previous bullish structure.

3. Liquidity Zones:

Significant sell pressure noted around the 1.20 - 1.38 zone.

Multiple Buy Orders (I-BoS) stacked near 1.00 and below, showing potential support area.

4. Volume & Volatility:

Sharp drop indicates increased bearish momentum.

Wicks indicate liquidity grabs, but no strong reversal candles yet.

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Forecast & Next Move:

Short-Term Outlook (1H – 4H):

Likely to test support near 1.0000 – 0.9500 before a potential bounce.

Watch for bullish engulfing or CHoCH around this support zone to confirm reversal.

If the price loses 0.9500, expect a move toward the 0.85 region.

Upside Scenario:

If bulls defend the 1.00 zone strongly and reclaim 1.20, a bounce to 1.38 (0.618 Fib) is possible.

Downside Risk:

A break below 0.95 can trigger stop-loss hunts and drive it further to 0.80 zone.

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Trade Suggestion (Not Financial Advice):

Long Entry: 0.95 – 1.00 (If bullish price action appears)

Target 1: 1.20

Target 2: 1.38

Stop Loss: 0.89

Short Entry: If rejection at 1.20 area

Target: 1.00 – 0.95

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