Healthy correction or point of no return? 🤔
Looking at the D chart, it's clear how the price faced significant resistance at 0.136$ level.
From that level the price retraced back till 0.125$, losing bullish momentum.
Can we consider this as an "Healthy" correction necessary to get to higher levels?!
Well,despite the D price action not looking very good, the weekly setup remains bullish.
A retest at 0.12 is now likely to happen.
From the reaction to that level, we will understand how the price will behave in the upcoming months. (Remember that the M closing is just behind the corner!)
As always, no rush! Patience ⏳️
