💼 Review of S at 4 o'clock.

Locally, the asset is trying to find the bottom after a protracted slide. We are currently trading around $0.04391. The nearest serious resistance sits in the $0.04500 block.

💦 If the buyer is unable to push the price higher and gain a foothold, there is a high probability of following the red scenario to the levels of $0.04150 or even lower, to the removal of liquidity in the area of $0.03350.

💦 To confirm strength, you need to break the structure and go above $0.04530.

In this case, the target will be the zone of $0.04900 and then a test of the strong high at $0.05200. While we are in the zone of uncertainty, it is better to wait for a clear reaction to the indicated levels.