The bigger timeframe agrees, so this is not a fight against the trend. Below sits a pocket of liquidity near $122.61-122.85. That is where this wants to go.
The bigger timeframe agrees, so this is not a fight against the trend. Below sits a pocket of liquidity near $95.004-95.218. That is where this wants to go. Price just lost $95.218 and the retest is failing.
If it fails, the stop does its job. If it works, it can run.
Volume is backing it, not just a random wick. Above us there is liquidity sitting around $78.85-78.979. That is the magnet. Price just pushed through $75.539 and is holding above it.
Higher timeframe is pointing the same way. A lot of long stops are parked around $0.008298-0.008365. Price just lost $0.0133 and the retest is failing.