OP has retraced sharply and is now revisiting the mid-June 2022 macro high.
This is critical for OP as the price needs to hold to avoid losing this technical uptrend.
Of course, a downside shadow below this higher low is allowed, but it is important for OP not to close the monthly candle below the trendline as this could start the breakdown process, especially if OP turns the trendline into new resistance.
OP is currently retesting this higher low, and while a choppy retest is okay, overall price stability needs to be maintained at all times to avoid further declines.
From: Rekt capital
