As we can see on the daily chart the price yesterday failed to break down the support around 0.0811 but as of today it’s still trying to break it down! As I said in my previous post, If the breakdown happens at 0.0811 and gets confirmed, we expect the price will fall down to the next support around 0.0479. If the breakdown fails on the other hand, we expect the price will bounce back up to the retracement zone between 0.135 and 0.115. The main trend on the daily chart is still considered sideways at this moment, and the best places to buy more with caution are around 0.08 and around 0.045.

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GOOD LUCK