Price bounced from the 2h demand zone at $3 on the retest and is currently getting rejected from the 5h supply at $3.33 which it tested perfectly. MACD is showing bearish weakness, RSI and EMAs are neutral. I am expecting a retest of the 2h demand before moving up again and if broken then price would be diving down towards the 4h demand at $2.7 and bounce from there after filling the imbalance at $2.8.
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