Price is at a supply level, this level has been broken in the past therefore I consider this as "weak supply"
However, I do like the strong movement and how the price left that level before, it makes me think we might have a new opportunity.
I would wait for a clear reversal pattern such as: Double Top, shoulder head shoulder to place my sell entry taking profit near the demand zone right there below.
DO NOT ENTRY RIGHT NOW! WAIT FOR CONFIRMATIONS
However, I do like the strong movement and how the price left that level before, it makes me think we might have a new opportunity.
I would wait for a clear reversal pattern such as: Double Top, shoulder head shoulder to place my sell entry taking profit near the demand zone right there below.
DO NOT ENTRY RIGHT NOW! WAIT FOR CONFIRMATIONS