$WETH: Monitoring the 1.20 Resistance for Potential Breakout

Been watching $WETH pretty closely today, especially with the move up to 1.21. The 1.20 level is feeling like a pretty significant area of resistance right now. We've tapped it a few times in the past couple of weeks and bounced. Today's push is interesting because the daily candle is showing some conviction. If we can get a sustained close above 1.20, I'd be looking for a potential continuation higher.

However, the flip side is if this move is rejected hard from here, maybe a close back down towards 1.18 or below, then this could just be another false breakout attempt. My invalidated scenario would be a clear rejection and failure to hold above 1.20 by end of day. Volume on this push is decent, but not screaming, so need to be careful not to get faked out.