WIF - What about the hat?

Like most charts out there at the moment, this one clearly broke down from htf uptrend.

Now ranging between $1.6-2.4, it gives great volatility even for spot trades. I longed some on the retest of $1.6-7, looking for $2 and maybe a squeeze to $3.

I we can't hold current levels, there is a volume gap all the way to $0.8, after that it's $0.2. Getting into shorts for this will probably not be easy, as it squeezes so hard both ways. Around $3 would be your best shot, or you could get in after it finished deviating the current range.

Long scenario is covered already, you had 3 chances to get in here at the lows, which show clear volume interest on the volume profile. Buying this any higher than $2 is simply a no-go for me and I'll be quick to get out if it loses support here.