Price is respecting the purple zone that has been highlighted many times. It's been flipping from support to resistance on multiple occasions. It's currently resistance, and acting as a great supply zone. If price breaks above $17.50, and then quickly reverses back below it, that will be an ideal short. Place your stop above that high that gets created, first target will be the bottom area of the hourly zone that has formed around $16.50, and then leave the other half of the position to potentially ride down and create new daily lows.
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