Price previously dropped heavily leaving another supply zone just below the previous one and bounced perfectly from the support at the $135 level. MACD turned bullish again but we have low volume plus RSI and EMA ribbon are neutral. I don't expect the first supply zone the hold because big liquidity is resting above that level, we could see a sweep of that liquidity taking out all short positions from this area also testing the second supply zone. If no rejection i seen on the second supply then we would be heading to a new ATH.
Price previously dropped heavily leaving another supply zone just below the previous one and bounced perfectly from the support at the $135 level. MACD turned bullish again but we have low volume plus RSI and EMA ribbon are neutral. I don't expect the first supply zone the hold because big liquidity is resting above that level, we could see a sweep of that liquidity taking out all short positions from this area also testing the second supply zone. If no rejection i seen on the second supply then we would be heading to a new ATH.