$WETH hitting resistance near 1.21, potential for retrace

Seeing $WETH push up to 1.21 today, which looks like it's tagging the top of that channel it's been in. I'm keeping an eye on whether it can consolidate above 1.20, but a rejection here could see it back down towards 1.15-1.16 pretty quickly. The risk for me is a solid close above 1.22, which would likely negate the short-term resistance.