SATURDAY
8-JUN
Price took out all upside LQ nearby and continues to consolidate.
Further upside LQ could be found above this week's high around $270.
A lot of sell LQ has been building up below market as well.
Price is having a hard time pushing higher and if buyers start losing momentum price could easily collapse towards this week's low and below $230.
On LTF, although price rejected the current range low, it has been consolidating rather than rallying on the way up.
Unlike Bitcoin, it is yet to reach the range EQ.
The closest upside LQ is above Y high, with an H4 sell zone just above that.
This could possibly set up a bull trap, by breaking the high and then selling off from the H4 zone.