$ANTHROPIC Continue to stay bearish. Everyone is shouting for a rebound, but I think this looks more like a bull trap top designed to trap breakout chasers.



The resistance zone is still holding up pretty well. The 4-hour short structure hasn’t broken, and the daily chart is also capped. Price has been repeatedly rejected in the 1619.9 to 1621.1 area. The 15-minute RSI is 58—neutral positioning—with plenty of room to move downward. Also, 15-minute volume has increased by 1.26x; the real sell orders have already shown up.

You can look for short opportunities around 1619.9–1621.1, targeting 1616.1 and even 1608.9. The defensive level is around 1626.3. The price action is uncertain—don’t go in too heavy; watch the risk.
ANTHROPIC-1.01%
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