OL/USD – Bearish Rejection from Supply Zone

# 🛢️ OL/USD – Bearish Rejection from Supply Zone 📉

### 🔍 Market Overview

OL/USD is approaching a key **resistance/supply zone** around **0.00645 – 0.00655**, where sellers have previously stepped in. Price is showing a gradual recovery, but the structure remains vulnerable beneath major resistance.

### 📊 Technical Outlook

✅ Price is moving toward a strong resistance area.
✅ Previous rejections from this zone suggest selling pressure may return.
✅ If the resistance holds, a bearish move toward the **order block near 0.00580** is possible.
✅ A breakout above resistance could invalidate the bearish scenario and target higher liquidity levels.

### 🎯 Key Levels

🔹 Resistance: **0.00645 – 0.00655**
🔹 Weekly High: **0.00725**
🔹 Bearish Target: **0.00580**
🔹 Major Support: **0.00540**

### 💡 Trading Idea

📉 **Bearish bias while below resistance.** Watch for rejection candles inside the supply zone before considering short opportunities.