Most people are looking at the green candles, but have you seen what’s happening at the wick?

$ALGO ‌ is putting us in a tough spot here. We hit that local top at $0.1371 and now we’re seeing a bit of a pullback toward $0.1236. It looks like a healthy correction, but the sellers are currently winning the battle in the order book.
The key is if we can hold this $0.11 zone as support. If we bounce there, the structure stays bullish. But if we lose it, we might be headed back down to fill those lower gaps.
Volume is looking a bit thin on this drop. I’m sitting on my hands until I see a clear reversal sign. What’s your play on this move?

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