WETH Looking at the Upper Range — Probability Check

Been watching $WETH pretty closely today, especially with the solid move up. We've seen it push from 1.14 to almost 1.27 at its peak, currently holding around 1.21. It's a decent bounce, but the real test, in my view, comes if we can sustain above the 1.25-1.27 zone for any length of time.

I'm putting the odds at about 60/40 that we retest the intraday high of 1.2699 before the end of the US trading session. The momentum looks decent, and there hasn't been a strong rejection yet. However, the macro picture is still a bit hazy, and any sudden shift in broader sentiment could easily cap further upside. My reasoning is that the dip buyers were pretty aggressive this morning, and if they maintain that conviction, a retest is logical. If we get a strong rejection there, then a drift back to the 1.18-1.20 area seems more likely. Just my two cents on the current setup, not financial advice obviously.