Price previously got rejected from a major 7h supply and left yet another 6h supply zone at $8.6. MACD is showing bearish weakness, RSI is neutral and EMAs are working as support. I expect price to tap into this supply before continuing to move down to fill the imbalance around $7 and tap into the 4h demand at $6.8 then move up from there.
Price previously got rejected from a major 7h supply and left yet another 6h supply zone at $8.6. MACD is showing bearish weakness, RSI is neutral and EMAs are working as support. I expect price to tap into this supply before continuing to move down to fill the imbalance around $7 and tap into the 4h demand at $6.8 then move up from there.