FRIDAY
5-JUL
Price took out the last two days' lows and is reacting from the potential D1 buy zone around $10,750.
The rejection seems quite strong, although it's too early to tell whether price will seek the upside LQ next.
There is a lot of upside LQ above with Y high being the closest one.
Price has rallied above the Daily open and if the H4 closes above it, longs could be considered if the Daily open is retested.
A lot of sellers are currently trapped below the lows and a further rally would have to happen in order to take them out.