Neutral Outlook
Updated
Red hammer doji could signify that the bulls are still trying to defend the current price while the RSI on the 1HR chart is starting to turn bearish. I can't be bullish or bearish until I see some sort of confirmation at this point. Given that it's a pivot point entering a trade here without the appropriate confirmation is dangerous territory. If I had to say what i'm guessing, it would be a rejection at the current resistance.
Note
As predicted price rejected the resistance. Now after this recent trap I'm expecting the price to go up and retest the resistance once more.
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