Price bounced from the 2h demand zone at $3 on the retest and is currently getting rejected from the 5h supply at $3.33 which it tested perfectly. MACD is showing bearish weakness, RSI and EMAs are neutral. I am expecting a retest of the 2h demand before moving up again and if broken then price would be diving down towards the 4h demand at $2.7 and bounce from there after filling the imbalance at $2.8.
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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.