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Market structure is bullish, with price consolidating after a sharp expansion and shallow pullback.
Price reversed aggressively from 0.038502, absorbing sell side liquidity and reclaiming prior value. Buyers pushed price into 0.045679, where profit-taking caused a rejection. The pullback has stalled around 0.0437, showing acceptance rather than continuation lower. Sellers are failing to regain control, and demand remains active above the reclaimed zone.
Trade setup
EP: 0.0435 – 0.0440
SL: 0.0399
TP1: 0.0457
TP2: 0.0465
Continuation remains valid as long as price holds above the 0.043 support area. A clean loss of that level would signal failed acceptance and invalidate the setup.
$SKR #GateTradFi1gGoldGiveaway
#SpotGoldHitsaNewHigh
#GrowthPointsDrawRound16
#TariffTensionsHitCryptoMarket
#CryptoMarketPullback