An excursion beyond 0.1672 did not survive the hourly close in $IO .
High: 0.1687 USDT. Close: 0.1668. Prior six-hour range: 0.1598–0.1672 USDT.
I would want a reclaim of the rejected high before treating this as bullish continuation.
Next 24h — 1H closes:
below 0.1598 USDT: further weakness after the rejected high gains support.
above 0.1687 USDT: the rejection of the high weakens.
High: 0.1687 USDT. Close: 0.1668. Prior six-hour range: 0.1598–0.1672 USDT.
I would want a reclaim of the rejected high before treating this as bullish continuation.
Next 24h — 1H closes:
below 0.1598 USDT: further weakness after the rejected high gains support.
above 0.1687 USDT: the rejection of the high weakens.