It’s having hassle breaking ~220USD and there may be a few indicators to be wary of.
1. at the rejection candle. This may well be a signal of absorption of consumers or simply heavy promoting
2. divergence at the obv and , it presentations weak spot at the 2d transfer up.
three. decrease top till confirmed differently
I’ve a pending order at 218usd however I would not need to open a quick at the moment because the R/R is merely now not value it.
IF we do get a third rejection (which is why I’d quick) I’m going to take a look at a quick with a stoploss simply above the native top.
This is a dead cat jump till confirmed differently, will probably be taking a look at 260 and 300 as key ranges.