This chart feels like a quiet accumulation phase rather than continuation downside.
After the drop, price didn’t break lower… instead it started respecting the 0.236–0.382 zone, forming a base.
That’s where my attention shifts 👀
I’m not chasing the move. I want to see strength build from this zone, ideally a clean bullish candle or small structure break. If that happens, it tells me buyers are stepping in with intent — not just a bounce.
From there, the path looks clean towards the 1.6950 zone, which aligns with the 1.618 fib expansion. That’s my main expectation area.
⚠️ But if price slips below the recent lows (~1.6490), this whole idea loses strength — so I stay patient until confirmation.
Simple thought:
Not aggressive… but quietly preparing for a push higher.