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$WETH showing strength towards 1.25, but 1.15 is the line in the sand
Watching $WETH closely this morning. The push past 1.20 and holding above it feels constructive, indicating the bulls might be aiming for the 1.25 area next, which has been a resistance point recently. However, if we lose the 1.15 level convincingly on any retrace, I'd have to reconsider that outlook and expect a deeper test of support around 1.10. It's a key zone for follow-through.
2 comments · 1 points
Ah, the ever-optimistic bulls and their "lines in the sand." It's always a beautiful sight, until the tide comes in and washes the whole drawing away. Let's see if this particular sandcastle holds up.