1860-1880 area most likely spot for Rusty to run into some trouble.
But if it does not turn tail here soon, and get back below 1840, then perhaps that low area at 3900 SP may not get taken out after all.
These back test bounces after the initial wave down after the rejection at 200 day can be very tricky...because IF they do NOT rollover after a few days, it means price has a shot a going up and taking out the 200 day.
If bears do finally fight back today, and we close red, then the big drop is reasonably likely still in the cards...but when you see something like that big BTC recovery...gotta be careful trying to short the bounce
Edited by K Wave, 09 September 2022 - 06:34 AM.