Tuesday, March 17, 2026

Keppel DC Reit - 17 Mar 2026

Keppel DC REIT (SGX: AJBU) — 1D (Daily)

Chart context

Timeframe: Daily
Visible date range: roughly Mar 2025 to 17 Mar 2026
Bars in view: about 240–255 daily bars (approx.)
Last traded price: 2.27

Market regime

Current regime: range-to-transition, with a mild short-term recovery inside a broader medium-term sideways structure.

This is not a clean trend chart right now. The bigger picture is a wide trading range, roughly bounded by:

Major support: 2.18–2.21
Mid-range pivot: 2.27–2.30
Major resistance: 2.33–2.44

Price is currently sitting near the middle of the range, which is usually a lower-edge zone for conviction unless a breakout or rejection becomes clearer.

5 highest-conviction observations

1. The chart is still structurally a range, not a confirmed uptrend

From the left side of the chart:

early base formed around 2.01–2.10
then price advanced toward 2.34
later extended into 2.40–2.44
then rolled over into 2.18–2.21
now rebounded back to 2.27

That sequence shows oscillation between boundaries, not persistent higher highs and higher lows.
The move into 2.44 failed to continue, and the later drop into 2.18 was followed by recovery, confirming two-sided auction behavior.

Conclusion: institutions are likely transacting inventory inside a range rather than marking price aggressively higher.

2. 2.18–2.21 is the key demand zone; 2.33–2.44 is the supply ceiling

The market has repeatedly reacted around:

2.18–2.21: demand/support
2.25–2.27: short-term pivot
2.30–2.33: first overhead supply
2.40–2.44: major supply / upper distribution zone

The recent rebound from 2.18 into 2.33 and pullback back toward 2.27 shows the market respecting this framework.

Institutional read:
2.18–2.21 looks like a zone where responsive buyers step in.
2.33+ still behaves like an area where supply reappears and upside momentum fades.

3. The decline from the 2.44 region showed momentum decay before the selloff

Near the highs around 2.40–2.44, price action became:

more overlapping
less directional
unable to extend cleanly after repeated tests
followed by a rollover and step-down decline

That is classic trend exhaustion / distributional behavior:

repeated attempts to push higher
reduced follow-through
then a more efficient markdown into the 2.18 area

This suggests the prior bullish leg lost sponsorship before the breakdown became obvious.

4. The rebound from 2.18 had constructive features, but not enough displacement

The bounce off 2.18 recovered toward 2.27–2.30 and briefly pushed to 2.33, which is constructive.
However, the rebound did not show the kind of decisive displacement that usually confirms a new trend leg:

no explosive expansion through overhead resistance
no sustained acceptance above 2.30–2.33
recent candles near 2.27 are relatively compressed and overlapping

That means the bounce is real, but it currently looks more like a range rebound than a fresh markup phase.

5. Current location is tactically awkward: mid-range pricing

At 2.27, price is:

no longer near ideal support
not yet above resistance
sitting around a high-friction pivot area

This is where many retail traders get chopped:

bulls chase because price bounced from 2.18
bears short too early expecting range failure
market chops around the midpoint before deciding

Best practice: avoid forcing size in the middle of the box. Let price move toward support or show confirmed acceptance above resistance.

Bar-by-bar / price-action interpretation

Macro structure

Phase 1: base and recovery

The chart opened from a depressed area around 2.01, then built a recovery structure toward 2.22–2.25.
That phase looks like accumulation after a washout, especially given the sharp rejection from the lows.

Phase 2: markup into 2.34, then consolidation

Price advanced into the 2.34 area, then became more rotational.
This is where institutions often test whether higher prices can attract continuation demand.

Phase 3: push into 2.40–2.44

This was the strongest upside segment, but repeated tags of 2.42–2.44 produced limited net progress.
That often signals supply absorption at the highs or distribution into strength.

Phase 4: markdown into 2.18

The selloff from the top was orderly and persistent rather than a single panic bar.
That often reflects professional unloading / repricing, not just emotional retail selling.

Phase 5: rebound off 2.18 and re-entry into the mid-range

The bounce suggests genuine demand at lower levels, but the inability to hold above 2.30–2.33 keeps the chart in a neutral-to-range state.

Volume-price relationship analysis

What stands out

There are several volume expansions at turning points
The sharp low around April showed significant activity near the bottoming process
The recent February–March area also shows elevated volume around the bounce and pullback zones

Institutional interpretation

High volume + small/medium real progress

Where volume increases but price struggles to advance materially, that often indicates absorption:

at lows: absorption of supply by stronger hands
at highs: absorption of demand by sellers distributing stock

Rebound from 2.18

The bounce off the low had decent participation, which supports the idea that 2.18–2.21 is not random support.
But the market still needs volume-backed expansion above 2.30/2.33 to prove that demand is now in control.

Effort vs result

This chart repeatedly shows an important professional clue:

high effort
modest result
then reversal or stall

That is why range conditions remain the dominant read.

Institutional footprint recognition

1. Potential liquidity grab below weak hands near 2.18

The move into 2.18 likely swept stops below nearby swing lows before price stabilized and rebounded.
That is consistent with a liquidity grab / spring-like action inside a broader range.

2. Distributional ceiling around 2.40–2.44

Repeated failure in that area suggests sell-side inventory was active there.
Each revisit attracted less effective upside extension.

3. Mid-range churn around 2.27–2.30

This zone behaves like a re-pricing node where neither side has full control.
It is often where larger players allow price to rotate until fresh imbalance appears.

Wyckoff-style read

A reasonable working interpretation:

2.01–2.10: preliminary support / selling exhaustion zone
Advance into 2.34: markup out of accumulation
2.40–2.44: distribution / upthrust-prone region
Decline into 2.18: markdown to test lower demand
Rebound now: automatic rally / range re-entry
Current task: determine whether this becomes a higher low for re-accumulation, or merely a weak bounce before another rotation down

At present, the chart still looks more like re-accumulation attempt inside a trading range than a resolved trend.

Key structural levels

Demand / support

2.18–2.21: primary support; most important recent demand zone
2.24–2.25: minor support / near-term reaction zone

Pivot / decision zone

2.27–2.30: current battleground; acceptance above here helps bulls

Supply / resistance

2.33: first serious resistance
2.36: secondary resistance
2.40–2.44: major supply ceiling

Risk-adjusted setup identification

Setup 1 — Higher-probability long

Type: buy pullback near support, not in the middle

Ideal entry zone

2.21–2.24

Why

close to the established demand zone
tighter invalidation
better asymmetry than buying at 2.27 mid-range
aligns with prior spring/rebound area

Stop

below 2.18, and more conservatively below 2.16
stop should sit beyond structural support, not at an arbitrary percentage

Targets

T1: 2.30
T2: 2.33
T3: 2.40+

R/R

If entered near 2.22–2.23 with stop below 2.16/2.18, this can offer roughly 1:2 to 1:3+, depending on target.

Conditions for validity

supportive candle behavior on the retest
narrowing downside spread near support
volume not exploding bearishly on the breakdown attempt

Setup 2 — Momentum long

Type: breakout only if acceptance is proven

Trigger

decisive close and follow-through above 2.33

Why

That would show:

reclaim of near-term resistance
escape from mid-range chop
improved probability of retesting 2.36, then 2.40–2.44

Stop

below the breakout structure, roughly under 2.30

Targets

2.36
2.40
2.43–2.44

Warning

Do not treat a single wick above 2.33 as confirmation.
You want close + continuation, otherwise it could be another range fakeout.

Setup 3 — Tactical short

Type: rejection short into supply

Trigger

failure candle or false breakout in 2.33–2.36
especially if accompanied by volume expansion and weak close

Stop

above rejection high / above 2.36 or more conservatively above 2.40

Targets

2.27
2.24
2.21

This is only attractive if price first pushes into supply and then clearly fails. Shorting at 2.27 is low quality because that is the middle of the range.

Multi-timeframe-style inference from the daily

Even without the higher timeframe chart shown, the daily suggests this:

Higher-timeframe behavior likely sideways
Daily is trying to recover from the lower half of that structure
Until 2.33 is reclaimed decisively, higher-timeframe bullish continuation is not confirmed

Psychological / institutional levels

2.20: key institutional support reference
2.30: important round-number decision level
2.40: upper-value rejection zone
2.00: long-memory psychological anchor from prior washout

Forward-looking bias

Base case

Neutral to mildly bullish above 2.21, but still range-bound unless 2.33 breaks with acceptance.

Bullish path

hold 2.24–2.21
reclaim 2.30
break and hold 2.33
then rotate toward 2.36 and possibly 2.40–2.44

Bearish path

lose 2.24
fail to defend 2.21
then odds rise for another sweep toward 2.18, and below that the chart weakens materially

Bottom line

This is not a clean chase-long chart at 2.27. It is a range chart sitting near the pivot.

Best actionable read:

Bulls want either a pullback into 2.21–2.24 or a confirmed breakout above 2.33
Bears want a rejection from 2.33–2.36 or a breakdown below 2.21
Middle-zone participation at 2.27 has the weakest edge

Current bias:
Cautiously constructive above 2.21, but conviction only turns properly bullish on acceptance above 2.33.

Disclaimer:Please note that this analysis is for educational purposes only and should not be taken as investment advice. Trading involves significant risk, and you should consult with a financial advisor before making any decisions.

Dividend: 2.60%

Monday, March 16, 2026

Hong Leong Asia - 16 Mar 2026

Hong Leong Asia Ltd. (SGX: H22) — 1D (Daily)

Last traded price: 2.75
Analysis window: roughly Jun 2025 to Mar 2026
Bars in view: about 190–200 daily bars
Current market regime: transitioning from prior uptrend into corrective distribution / range-to-down regime

Executive read

This chart is no longer in a clean bullish trend. It had a strong markup phase from about 2.05 → 3.54, then shifted into distribution near the highs, followed by a sharp breakdown and weak rebound attempts. Right now, price is sitting near 2.75, which is a critical decision area. The tape suggests supply is still active, and unless price can quickly reclaim 2.81 / 2.90 / 3.00, rallies are more likely to be sold than chased.

5 highest-conviction observations

1) The primary trend changed character after the 3.54 high

The structure was bullish into February, but the behavior after 3.54 is different:

repeated small-bodied candles near the highs
overlapping bars
failure to extend meaningfully after breakout
then a fast vertical drop

That is classic trend momentum decay, often seen when strong hands distribute into late buyers.

2) The 3.45–3.54 zone looks like a distribution cap

Near the top, price formed a tight shelf under 3.54 with multiple failed pushes.
That suggests:

breakout demand was not broadening
upside progress became inefficient
supply was absorbing buying

This is not the look of healthy continuation. It is more consistent with upthrust-like behavior / distribution at premium prices.

3) The selloff from the highs showed displacement, but follow-through is now slowing

After the top, price broke down aggressively with large red candles and elevated volume. That is a displacement move—institutional urgency, not random noise.

But after the selloff:

candles became smaller
downside progress slowed near 2.81–2.75
some wicks appeared

This suggests initial panic selling has cooled, but not yet enough evidence of durable accumulation.

4) 2.81 is now the immediate line of control

The chart explicitly marks 2.81, and price is hovering around 2.75 just below it.
That makes 2.81 a key pivot:

below 2.81 = weak, supply in control
reclaim and hold above 2.81 = first sign that the breakdown is being repaired

Right now the market is treating this area as resistance, not support.

5) Major structural support sits lower at 2.63, then 2.51, then 2.32

These are the most relevant downside reference points:

2.63 = first meaningful support from prior breakout structure
2.51 = prior consolidation shelf
2.32–2.36 = deeper base zone from the old range

If 2.63 fails cleanly, the chart opens into a more serious retracement of the whole Jan–Feb markup leg.

Bar-by-bar / structure analysis

1) Macro structure

The chart progressed through these phases:

Accumulation / early markup: 1.15–1.76 area
Expansion: strong move into 2.64
Re-accumulation / range: roughly 2.33–2.78
Pullback and reset: down into 2.05
Second markup leg: 2.05 → 2.78 → 3.54
Distribution / correction: 3.54 → 2.75

This means the stock had a strong bullish campaign, but the latest phase is clearly corrective.

2) Swing structure

Relevant visible swing points:

higher low sequence: 1.61 / 1.70 / 2.05 / 2.19 / 2.63
higher highs into: 2.64 / 2.78 / 3.54
then loss of trend integrity after 3.54

The break from the high created a CHoCH from bullish expansion into correction.
At present:

price is no longer making higher highs
price is now compressing beneath prior support
short-term structure is neutral-to-bearish

3) BOS and CHoCH

Most important shift:

bullish BOS happened on the run above 2.78
bearish CHoCH occurred after the rejection from 3.54 and the failure back through the 3.00 / 2.81 area

That tells you the market moved from trend continuation to repair / rebalancing mode.

Volume-price relationship

Bullish phases

During the earlier advance, volume expanded into upside legs, especially:

the move into 2.64
the rally off 2.05
the breakout toward 3.54

That confirmed real participation.

Warning near the highs

At the top:

price made new highs
candles became smaller and more overlapping
progress slowed

This is a classic effort vs result deterioration:

effort = sustained activity
result = poor upside extension

That often means absorption by larger sellers.

Breakdown phase

The drop from the highs came with clear volume expansion.
Interpretation:

supply overwhelmed demand
trapped late longs likely exited
short-term control shifted to sellers

Current volume read

Recent bars near 2.75 do not yet show decisive bullish rescue volume.
So the current stabilization looks more like:

temporary pause
not confirmed accumulation

Institutional footprint / smart money read

1) Liquidity sweep / upthrust-type behavior near 3.54

The push above the prior region into 3.54 likely attracted:

breakout buyers
shorts covering
momentum chasers

But instead of acceptance above the highs, price reversed sharply.
That is consistent with a liquidity grab.

2) Supply zone / bearish order block

The most obvious supply zone is:

3.30–3.54

That was the last major area where sellers clearly took control. Any rally back there likely faces heavy overhead supply.

3) Demand zone

Nearest demand:

2.63–2.70
Secondary demand:
2.50–2.55
Major demand:
2.32–2.36

These are the areas where buyers previously proved they could absorb supply.

4) Fair value gap / inefficiency

The selloff from above 3.20 down toward 2.90 looks fast enough to leave an inefficient zone.
That means if price rebounds, the market may revisit part of that imbalance before deciding the next leg.

Practical implication:

2.90–3.05 is likely a repair/resistance zone, not a clean long chase zone.

Regime classification

Current regime: transition / corrective

Why:

prior uptrend broken
high formed with distribution characteristics
downside displacement already occurred
current tape is compressive, not impulsively bullish

This is not a clean trending regime now.
It is a repair and decision regime.

Key levels to watch

Resistance

2.81 — immediate pivot, must reclaim
2.90 — first recovery barrier
3.00 — psychological level
3.20 — likely supply on rebound
3.45–3.54 — major distribution cap

Support

2.70–2.75 — current hold zone
2.63 — key near-term support
2.51 — next structural shelf
2.32–2.36 — major base support
2.19 / 2.05 — deeper correction zone if selling accelerates

High-probability setup

Setup: Bounce only if 2.81 is reclaimed and held

This is the cleaner long idea. Right now, buying blindly at 2.75 is early.

Entry trigger

Daily close back above 2.81
preferably followed by a hold / retest of 2.81–2.75
ideally with improving green volume and tighter candles

Stop

below the reclaim low or below 2.63, depending on aggressiveness

Targets

T1: 2.90
T2: 3.00
T3: 3.20

R:R logic

If entry is near 2.82–2.84 after confirmation:

stop near 2.72 for tighter risk, or 2.62 for structural risk
upside to 3.00 / 3.20 gives acceptable 1:2 to 1:3+ only if reclaim is clean

Why this setup is better

Because it forces the market to prove:

the breakdown is being rejected
supply at 2.81 is weakening
demand is willing to defend above a key pivot

Bearish scenario

If price fails to reclaim 2.81 and then loses 2.70 / 2.63:

bias turns more clearly bearish
likely path becomes 2.51
deeper flush could test 2.32–2.36

That would confirm current action is only a weak pause after distribution, not accumulation.

Forward-looking bias

Bias: cautiously bearish to neutral until 2.81 is reclaimed.
This chart is in post-climax correction mode, not fresh bullish expansion.

What would turn me constructive

reclaim of 2.81
acceptance above 2.90
strong close through 3.00
volume expansion on up days, not just on selloffs

What would confirm further weakness

repeated rejection under 2.81
breakdown below 2.63
weak rebounds on low volume

Bottom line

Hong Leong Asia (H22) has likely completed a strong markup cycle and is now in a distribution-to-correction phase.
The highest-probability trade is not blind bottom-fishing, but waiting for a confirmed reclaim of 2.81. Until then, rallies are suspect and downside retests remain live.

Friday, March 13, 2026

Delfi - 13 Mar 2026

Delfi Limited (SGX: P34) — 1D (Daily)

Last traded price: 0.900
Analysis period shown: roughly Mar 2025 to 13 Mar 2026
Market regime: transitioning from markup to corrective distribution / pullback phase

Executive read

This chart no longer looks like a clean bullish continuation structure. It looks like a strong prior uptrend that accelerated into a near-climactic advance, then lost auction quality and is now undergoing a sharper corrective phase. The recent drop from the 1.07 area back to 0.90, accompanied by elevated volume, suggests supply has become active above parity and late buyers are being trapped.

My current bias is:

Near-term: cautious to bearish below 0.93–0.96
Intermediate structure: still salvageable above 0.86–0.88
Higher-probability path: either
- a deeper retracement into demand before a new leg up, or
- a failed bounce / dead-cat recovery into overhead supply, followed by more downside rotation

3–5 highest-conviction observations

1) The stock shifted from orderly markup to unstable, emotional price discovery

From late January into late February, price transitioned from the 0.80–0.86 base into a displacement rally up through 0.92, then to 0.96, 1.00, and finally 1.07. That move was steep, fast, and increasingly vertical.

That kind of structure often marks the late stage of a markup leg, especially when:

candles expand rapidly,
price outruns prior consolidation,
volume rises sharply,
and retracements become less orderly.

The move into 1.07 likely triggered breakout participation from retail traders chasing strength above the obvious 1.00 psychological level.

2) The 1.07 spike has characteristics of a liquidity grab / buying climax

The bar that pushed into the 1.07 high appears to be followed by immediate rejection and instability. That matters.

Institutional reading:

obvious breakout traders buy above recent highs,
shorts get squeezed,
stops are harvested,
then price fails to hold the expanded range.

That is classic upthrust-like behavior or at least a climactic exhaustion probe. It does not guarantee a long-term top, but it strongly suggests the market needed to clear liquidity before rotating lower.

3) The decline back to 0.90 is not a healthy shallow pullback

A strong trend normally corrects in a controlled way:

smaller candles,
lower sell volume,
support respected quickly,
and rebounds occur before prior breakout zones are fully lost.

That is not what the recent sequence shows. Instead:

price fell from the 1.00+ area back through 0.96 and 0.93,
selling pressure expanded,
and the last close is at 0.90, which is materially below the emotional breakout zone.

That implies momentum decay and likely distribution above 0.96–1.00.

4) 0.90 is a decision level, but not yet proven support

0.90 is important because:

it was a prior swing high zone in mid-2025,
it sits just above the 0.875–0.86 area,
and it is psychologically close to a major round level.

But the latest candle is a wide red bar closing near the low, which is weak behavior. A level is only support when demand proves itself. Right now, 0.90 is being tested, not confirmed.

5) The larger trend is damaged only if 0.86 fails decisively

Even though near-term structure is weak, the broader chart is not destroyed yet. The stock had a long base between roughly 0.78 and 0.86, then broke higher. That means the most important structural demand is likely lower, around:

0.875
0.860
then 0.840–0.830

If price stabilizes there with shrinking downside spread and improving response, the broader bullish thesis can still survive.

Market structure and order flow

1) Swing structure

Early phase: accumulation / range building

From March to June 2025, price mostly oscillated between roughly 0.65 and 0.77, with repeated tests and recoveries. This looks like a base-building process.

Key features:

multiple failed downside expansions,
recurring reclaim behavior,
gradual improvement in lows.

Mid phase: first structural breakout

Around July 2025, price impulsed from the mid-0.70s into 0.91, creating a clear BOS upward. That was the first sign that the market had transitioned from range to markup.

Middle consolidation

From August to December 2025, the stock ranged roughly between 0.78 and 0.86, with:

overlapping candles,
repeated acceptance around 0.80–0.83,
occasional pushes to 0.86–0.875.

This looks like re-accumulation, not distribution, because the downside failed to expand meaningfully and later price broke upward.

Late phase: breakout and blow-off

In early 2026, price broke above the 0.86 ceiling, then accelerated into 0.92 / 0.96 / 1.00 / 1.07. That was a high-energy markup leg.

Current phase: CHoCH / trend deterioration

The inability to sustain above parity, followed by a hard drop to 0.90, is a lower-timeframe CHoCH and a warning of a deeper pullback. The market has shifted from:

higher highs + strong acceptance
to
rejection of highs + aggressive retracement.

2) BOS and CHoCH levels

Key structural areas:

Bullish BOS: above 0.86 / 0.875, then above 0.92
Climactic high: 1.07
Near-term CHoCH: loss of 0.96 and then inability to hold 0.93
Important support test now: 0.90
Major support below: 0.875, 0.860, 0.840–0.830

Volume-price relationship

Positive volume behaviors earlier

During the earlier breakout phases:

expansion bars were generally supported by rising volume,
pullbacks were less aggressive,
and the market showed decent follow-through.

That is consistent with professional sponsorship.

Negative volume behaviors recently

The most important recent signal is the volume expansion into the decline from the peak area.

Interpretation:

High volume + adverse price movement after a strong run often means distribution or trapped longs exiting.
If a bounce occurs on weak volume after this selloff, that would confirm supply dominance.

Effort vs result

The late-stage rally into 1.00+ required large effort. Yet price could not sustain the gains and quickly surrendered ground. That is poor effort/result efficiency and often appears near exhaustion zones.

Institutional footprint recognition

1) Liquidity grab above obvious highs

The push into 1.07 looks like a stop raid above visible resistance and round-number breakout territory.

This is where:

breakout traders enter,
shorts cover,
institutions can distribute into urgency.

2) Possible order block / supply zone

The most obvious supply band now sits around:

0.96 to 1.00, and more broadly
0.98 to 1.03

That region likely contains trapped buyers from the late breakout attempt. On any rebound, expect overhead selling there unless price reclaims it with strong spread and volume.

3) Fair value gap / inefficient move

The surge from the high-0.80s into the 0.92–0.96 zone happened quickly enough that the market likely left an inefficient area behind. Such zones are often retested later. The current decline may be that rebalancing process.

Bar-by-bar pattern read

Recent bars

The last cluster near the right edge shows:

unstable upper wicks near the top,
sharp directional expansion down,
and a latest close around 0.90, near session lows.

That is not dip-buying strength; it is defensive, pressured trading.

Reversal / transition characteristics

The top region behaves like:

climactic breakout
followed by failure to hold
then outside volatility / directional selloff

This is a classic transition from bullish euphoria to a more two-way or corrective environment.

Continuation quality

A true bullish continuation would have shown:

tight flags,
shallow pullbacks,
quick reclaims of 0.96–1.00.

Instead, this pullback is deeper and more emotional, which lowers continuation odds in the immediate term.

Wyckoff-style interpretation

A reasonable Wyckoff lens would be:

Phase A/B: broad accumulation during Mar–Jun
Phase C/D: re-accumulation and improved structure in Jul–Dec
Markup: Jan–Feb 2026 breakout
Possible buying climax / upthrust: around 1.07
Automatic reaction: current drop toward 0.90 and possibly lower

What matters next is whether the market forms:

a secondary test with lower volume near support, which would be constructive,
or
continued spread expansion downward, which would imply deeper markdown.

Key levels to watch

Immediate levels

0.900: current pivot, psychological and structural test
0.930: first rebound barrier; reclaiming this helps but does not fix the chart
0.960: major near-term resistance
1.000: psychological supply zone
1.070: climactic high

Support stack below

0.875: first meaningful structural support
0.860: major prior breakout area
0.840–0.830: deeper demand / prior range support
0.810–0.800: if deeper correction unfolds

High-probability setup mapping

Setup 1 — Bounce-into-supply short bias / avoid chasing longs

This is the cleaner read right now.

Thesis:
After a climactic rally and sharp rejection, price often bounces mechanically before meeting trapped-supply sellers.

Best zone:
Rebound into 0.93–0.96

What confirms weakness:

smaller green candles,
declining bounce volume,
upper wicks,
failure to close above 0.96.

Invalidation:
A strong reclaim above 0.96, especially if followed by acceptance above 1.00.

Targets on weakness:

0.90
0.875
0.86

This is not advice to short illiquid names blindly; it is the highest-probability directional map from the chart.

Setup 2 — Reactive long only if support proves itself

For longs, patience matters.

Best zone:
Either:

hold and reclaim from 0.875–0.90, or
deeper test at 0.86 with clear absorption

What you want to see:

wide downside bar into support,
then inability to push lower,
reduced sell volume on retest,
strong close back above 0.90 or 0.93.

Invalidation:
Decisive breakdown and acceptance below 0.86.

Upside targets if reversal works:

0.93
0.96
1.00

This would offer better structure because stop placement can sit below a real swing low rather than guessing in open air.

Risk management framework

For chart-based execution:

Do not treat 0.90 as confirmed support just because it is a round number.
Stops should sit beyond structure, not at arbitrary percentages.
Longs taken before proof of absorption have weak edge.
Best R:R will come from:
- buying after a successful support test around 0.86–0.90, or
- selling/avoiding strength into 0.93–0.96 if rebound quality is poor.

Forward-looking bias

Primary bias: near-term corrective / bearish below 0.93–0.96
Secondary bias: broader uptrend can recover only if 0.86–0.875 holds and demand reappears
Bullish invalidation of the bearish read: strong reclaim of 0.96, then acceptance above 1.00
Bearish continuation trigger: loss of 0.90, then failure to recover it quickly

Bottom line

Delfi’s chart shows a previously strong markup that likely climaxed into a liquidity event near 1.07. The current drop to 0.90 is not yet a clean buy-the-dip setup. It is a stress test of whether this is merely a pullback or the start of a larger markdown phase.

The most important thing now is not the last price, but the quality of the reaction around 0.90 / 0.875 / 0.86.
That reaction will tell you whether smart money is absorbing supply or stepping away.