Why is everyone ignoring the slow build on $A ‌ right now?

It just puts in a solid bounce from that 0.070 wick and is trying to reclaim 0.080. If you look at the candle structure, we’re seeing higher lows forming since that late March dump. The volume is holding steady at 5.1M and that order book is looking pretty healthy with over 62% on the buy side.
The main hurdle is 0.082. We’ve seen some rejection there recently, but if we can flip that level, the path to 0.086 looks fairly clear. There’s a lot of interest in building in this Layer 1/Layer 2 zone, so I’m keeping a close eye on this.
I'm not jumping in with a full position just yet. I want to see if this 0.079 area holds as new support on the next retest.
Manage your risk as always. No one ever went broke taking profits at resistance.

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