$BROCCOLI714 looks weak after that rejection.
Price pushed up to around $0.02054 but could not hold the move. Since then the chart has been making lower highs and drifting back toward $0.0177.
The interesting part is the order book too. Sellers are currently showing more pressure than buyers.
I would not rush into a short here though.
If $0.0173 breaks with volume then the downside could open up further. But if buyers defend this area and reclaim $0.0185 then the setup could change quickly.
For now I would rather wait for confirmation than chase the move.
This chart needs to prove its next direction.
Price pushed up to around $0.02054 but could not hold the move. Since then the chart has been making lower highs and drifting back toward $0.0177.
The interesting part is the order book too. Sellers are currently showing more pressure than buyers.
I would not rush into a short here though.
If $0.0173 breaks with volume then the downside could open up further. But if buyers defend this area and reclaim $0.0185 then the setup could change quickly.
For now I would rather wait for confirmation than chase the move.
This chart needs to prove its next direction.
