Price has tapped into the major 6h supply zone and got heavily rejected from there leaving another major 4h supply zone around $16.5. MACD is now showing bearish weakness, RSI is sold and EMAs are not clear. I expect to see a small pullback towards this 4h supply where we would be looking to short from.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.