$OP ran into resistance after surging to $0.136 on the 15-minute chart, then closed back at the upper edge of the four-hour consolidation range, around $0.1353.
Trading volume on this candle rose to $220,000, roughly twice the previous average. Although buyers accounted for 60% of the volume, the price failed to extend its gains.
The breakout structure will only be confirmed if the next candle closes and holds above $0.1353.
If the price falls back into the range or even drops below $0.134, this high-volume test of the highs will have turned into a typical failed push higher, and the short-term price action may return to range-bound trading.
Trading volume on this candle rose to $220,000, roughly twice the previous average. Although buyers accounted for 60% of the volume, the price failed to extend its gains.
The breakout structure will only be confirmed if the next candle closes and holds above $0.1353.
If the price falls back into the range or even drops below $0.134, this high-volume test of the highs will have turned into a typical failed push higher, and the short-term price action may return to range-bound trading.