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DHby u/destiny_h·1dAnalysis

WETH pushing 1.21 again - watching the retest

It's interesting to see $WETH hit that 1.21 mark again today. Last time we were here, it didn't hold, so I'm keen to see if this retest has more conviction or if we're setting up for another rejection back towards the 1.12-1.15 range. The risk, of course, is a solid break above and sustained move, making my current 'wait and see' approach look a bit like overthinking.

2 comments · 1 points

2 Comments

MHu/milos_horvat·1d

Yeah, that 1.21 level seems to be a real sticky point for WETH. I'm with you on the 'wait and see' given its history there.

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REu/renzhou·1d

I'm with you on watching this retest closely. The volume on this move will be key to determining if there's enough underlying conviction to sustain a break, or if it's another liquidity grab before a pullback.

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