As price is now above the - so price is trying to climb higher, but are now rejected by the Red resist level.
Once break, it will face the Resist zone. so for price to climb higher at this point is not easy, as rejection is strong.
Short term and Zone Trade
(always wait for price to touch the levels and zones)
Red levels - sell
White levels - Buy
Blue Level - could be price turning point
Once price break a level or zone, then the level or zone will reverse.
From Resist to Support or Support to Resist.