Strong sell off already flushed liquidity into the demand zone. Sellers pushed hard, but momentum is fading now. Price is pressing right against the descending trendline, and that pressure matters.
If this trendline snaps, a sharp recovery toward the 0.050 resistance becomes very realistic. That move would be driven by trapped shorts and fresh buyers stepping in fast.
If price fails here, downside risk stays open and sellers may try another push lower.
This is compression. Expansion is coming. Iām watching closely š
