That breakout looked stronger than it really was.
I’m seeing a sharp reclaim, then immediate hesitation. Buyers had conviction on the push from the lows, no doubt… but they couldn’t keep control once price stretched. Since that spike, the chart feels heavy. Small rebounds, weak follow-through, fading urgency.
To me, that says the aggressive buyers already showed their hand, and now sellers are leaning on every bounce. Not full breakdown. Not clean continuation either.
This looks more like a reset drifting toward distribution than real strength.
Question: What is this now?
Buyers losing grip
Sellers gaining control
Range still deciding