Update 03.02.2024

We have a bullish gap (marked with green), which is touched now by price. There are two levels, wicks inside the gap, which most likely are going to be swept soon. Sweeping those swing lows now it a healthy move. Should price lose this level, then the next one I would keep an eye on is at $0.3091 and ultimately $0.2889.

All the lows mentioned in my post were swept, including $0.2889.

Now, price bounced a little, it is inside a bullish gap on the h4 time frame.

What can we expect? For bullish continuation, price needs to close above the gap and hold the $0.3356 level. However, I would be cautious here as a sweep of the recent low at $0.25 is still possible. We're not out of the woods yet.