Price broke below the 4h demand zone between $1.56 and $1.63 making it a breaker zone and it recently missed the 6h demand very shortly before getting heavily rejected. MACD is showing bearish momentum, RSI is oversold and EMAs are neutral. I am expecting a bullish reversal from here aiming for the 4h supply as a short term to midterm target as price left a lot of liquidity before moving down. We may see price trade deeper into the 6h demand at $1.46 however overall bias is still bullish .