$WETH pushed past 1.20 today, but I'm looking for a solid higher low to form somewhere around the 1.15-1.16 region. If we break back down below 1.12, my short-term bullish bias would likely be invalidated.
That's an interesting price target for a higher low. What specific indicators are you using to pinpoint that 1.15-1.16 region as the likely bounce point?
Interesting take. Are you primarily looking at volume with that potential higher low, or is it more of a price action call based on recent movements?
1.15-1.16 is pretty tight for a higher low. Seems like you're baking in a lot of optimism for such a quick bounce.
Makes sense to wait for confirmation. The 1.15-1.16 zone seems reasonable for a retest before any further moves up.