Price action is currently trapped within the supply zone corridor, and while the rebound momentum appears promising, the outlook remains fragile. A critical flip of 0.0471 (resistance turning support at 0.04462) would stabilize the picture. However, if this level gives way, the 0.0414 support becomes the last line of defense. Breaking below that could trigger further downside pressure.
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just_another_wallet
· 8h ago
Can we hold this threshold of 0.0471? It feels more important than anything else.
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NotFinancialAdvice
· 8h ago
It's the same old story again; it looks stable but is actually very fragile.
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GateUser-0717ab66
· 8h ago
If this critical 0.0471 level can't hold, we're really in trouble.
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Layer2Arbitrageur
· 8h ago
ngl the spread between 0.0471 and 0.0414 is basically asking to get liquidated. where's the arbitrage window here? just ran the numbers and this volatility is leaving way too many basis points on the table. if you're not already hedged cross-chain at this point, you're getting rekt ng fr
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CountdownToBroke
· 8h ago
0.0471 if this critical level can't hold, it's game over. Feels like it's about to plunge again...
Price action is currently trapped within the supply zone corridor, and while the rebound momentum appears promising, the outlook remains fragile. A critical flip of 0.0471 (resistance turning support at 0.04462) would stabilize the picture. However, if this level gives way, the 0.0414 support becomes the last line of defense. Breaking below that could trigger further downside pressure.