The entire rally from the April 7 low may be a corrective wave.
Corrective structures often take complex shapes and can be deceptive.
Despite the chance of testing $420 if $367 breaks on a gap-up open, a weak start or lack of volume could send the price down to retest the ascending trendline.
If the trendline breaks, $295 becomes the key pullback level.
– Possible corrective structure
– Watch $367 resistance and $295 support
– Trendline test critical for short-term direction
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Update: The price action unfolded as expected ✅📈