The price is testing the 4h support on 0.786 Fibonacci level, it's a key level.
The price got a rejection from the 21$ where the price created a double top. we were waiting for ta breakout, but the price didn't satisfy our rules for it.
How to approach?
0.786 is a key level, the price must hold it, but if the price is going to lose it, the next support is 13.50$. the scenario is invalidated if the price is going to have a breakout above 16$ with confirmation
The price got a rejection from the 21$ where the price created a double top. we were waiting for ta breakout, but the price didn't satisfy our rules for it.
How to approach?
0.786 is a key level, the price must hold it, but if the price is going to lose it, the next support is 13.50$. the scenario is invalidated if the price is going to have a breakout above 16$ with confirmation
