The Coinbase Premium Index resistance zone I identified earlier was rejected again and we had a pullback. This resistance zone needs to be broken for an uptrend. I also indicated a buy position with an arrow on this indicator.

I said we need to watch whether there will be manipulation or a breakout in the open interest indicator. The price action remained manipulation, so there was a pullback in price. Now this line is our resistance zone. We have to watch the reaction of the price to this line.

Funding rates are still in positive territory. I want to see negativity in this indicator before the rise starts.

I have identified the support and resistance zones on the price. When the price reaches these zones we will create a game plan with other indicator data. Let's watch.

Written by TraderOasis