The top of the explosion or just started? star-news.press/wp

Rexas Finance surprised the market with an increase of 325 % within hours. But with the price entering a corrective stage, traders are now looking to determine the key levels to determine the next.

Rexas Finance (RXS) has delivered one of the most striking movements throughout the market with a rally of 325 %. This step was reckless and aggressive and nurtured by momentum, but the real question is whether this is the top of a bombing or just a higher price platform. Although the size has begun to decrease, the market structure has not yet shifted, indicating that this correction may be part of a wider upward continuation.

Main technical points,

• Higher time frame support: $ 0.109; To date to be re -tested
• Sound file: Low post -sized hints after monotheism, not collapse
• Control point: It corresponds to the support of $ 0.109, and adds a strong meeting
• Local Resistance: 0.618 Fibonacci retreated on the last decline
• Market structure: No higher or less is confirmed yet

After the break over the high value area, the RXs rose to a vertical gathering that tops more than 325 % of its previous base. While such an explosive action often indicates an exhaustion, the correction that followed appears to be controlled and corresponds to the standard market behavior after the major impulsive moves.

More importantly, the decrease in size during the correction phase is typical in the scenarios where the market searches for a low or new base, and not necessarily signs of collapse. The support level highlights $ 0.109 as a critical area. This level is not only the support of the high time frame, but also corresponds to the control point of the previous size activity, which makes it a strong candidate for the reaction of a rise if tested.

Meanwhile, the local resistance is located in an alternative 0.618 Fibonacci for the last decline. If the price has risen to this area and failed to penetrate, the rejection may lead to sending RXs to a level of $ 0.109, providing a possible opportunity to build the foundation before any continuation.

While the price movement is still volatile, the structure did not collapse. There is no low official decrease, and a declining market structure has not been created. This indicates that the market may be in a healthy corrective condition instead of completely reflected.

What can be expected in the next basic procedure

As RXS, closely watched whether it is a bottom structure near $ 0.109. A strong reaction of this support, especially with high size, can lead to another leg. Until a low decrease or main support failure is printed, the bullish narration remains intact.