Price recently tapped perfectly into the 4h supply zone from where it got heavily rejected from and it is currently bouncing off a 4h demand zone. MACD is not clear, RSI is sold and EMAs are neutral. If price breaks below this 4h demand then i would expect it to keep moving down in order to fill the FVG (fair value gap) and tap into the major 4h demand zone around $9 before moving up again.
Price recently tapped perfectly into the 4h supply zone from where it got heavily rejected from and it is currently bouncing off a 4h demand zone. MACD is not clear, RSI is sold and EMAs are neutral. If price breaks below this 4h demand then i would expect it to keep moving down in order to fill the FVG (fair value gap) and tap into the major 4h demand zone around $9 before moving up again.