NFP has gone through a sharp expansion and is now compressing around $0.00532, which makes this a wait-for-confirmation setup rather than a chase. Buyers need to defend the current consolidation while reclaiming the nearby resistance area around $0.00600 for momentum to build again. The larger visible resistance sits near $0.00874, followed by the $0.01200 high.
EP
$0.00520 - $0.00560
TP
$0.00680
$0.00870
$0.01150
SL
$0.00480
A sustained hold above $0.00532 with a breakout from the current range could bring the higher resistance zones back into play. Losing $0.00532 decisively would weaken the short-term structure and make the setup less attractive.
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