Mar. 27 at 4:04 AM
$ET 65min — the ATH rejection and what comes next.
Hit
$19.48 today — ATH is
$19.55. One tick. Rejected.
Volume Profile shows why: price entered a thin volume node above
$19.20. No support up here. The POC — where most volume has traded — sits at
$18.60.
When price runs into thin volume and rejects, it gravitates back to the POC. That’s not bearish. That’s how healthy breakout attempts work.
Retrace map:
→
$19.12 →
$19.00 →
$18.80 →
$18.60 POC
If
$18.60 holds = the base for the ATH breakout attempt.
If
$18.60 fails =
$18.00 → ascending trendline.
ATH breakout still the thesis.
$19.55 still the trigger. Just need the POC to absorb sellers first.
Buying the POC retrace > chasing the ATH touch.
#ET #hovdid
