$GHST
The GHST/USDT daily chart tells a clear story when read through proper technical “alphabet”: market structure is still lower highs and lower lows, confirming a broader downtrend, but price has violently reacted from a major support zone near $0.08–$0.10, where long lower wicks show strong rejection and seller exhaustion, while the explosive volume spike confirms this was real participation, not a fake-out; from a higher-timeframe perspective the trend remains bearish, yet the move clearly swept liquidity zones below prior lows and bounced with strong confluence (support + volume expansion + oversold conditions), even though price is still below key moving averages acting as dynamic resistance, RSI likely rebounded from oversold, MACD momentum is shifting but unconfirmed, and Fibonacci resistance sits overhead near the 0.618 retracement; respecting the 70/30 rule, this is best viewed as a counter-trend relief rally rather than a full reversal, meaning psychology—not patterns—is driving the bounce, so the higher-probability plan is short-term bullish / long-term neutral-to-bearish, favoring a short-term buy toward $0.20–$0.24 resistance with strict risk control, but not a long-term hold unless price reclaims and holds above major EMAs, making this setup a tactical trade rather than an investment #Marketstructure #SupportResistance #LiquidityZones #CONFLUENCE #RiskManagement
