EOS with a solid rejection off the current supply zone created from December drop. Zooming in on smaller time frames we had a double top with slight divergence and the following rally failed to make a higher high. Daily candles printed another bearish body confirming the rejection from supply. I can see over the following weeks a retrace the the 50% of the current up trend since the start of the year being a descent area of interest for a strong support level at that demand created early Feb. If that demand fails we are heading back down to lower demand near the last bottom which is a strong demand zone but tread cautious placing lucky dips down there. On the upside if we do break this level of supply a push to the next minor resistance is around .0009943 with plenty of small bumps in the road on a higher target for the overall supply zone which is some 100% up the ladder.
My play for now is bearish, shorts loaded off supply but will keep a close eye on it until it starts to get some distance from that resistance then let it roll with that 50% retrace in mind.
apologies i worked my charts on binance to find that previous high and forgot to revert back to the H19 charts, sat prices could be skewed due to the difference between binance and mex how ever, the market direction and % movement will be same same