Multiple scenarios might play out in the next few days. Price rejected $15700 twice suggesting the next moves might be down to demand in line with previous price action. The major area of demand most recent is between $15160-$15200, with minor demand at $15400. The first scenario is that price will continue to fall after rejecting at $15550 and bounce from 15400 or break through to $15200. Second scenario is that price will continue to fall after rejecting at $15500 and bounce at $15400 or break through to $15200. Third scenario is that price holds $15450 and bounces back to test $15500 then $15600 and lastly $15700. Most likely the first two scenarios will occur in line with previous trends.
Comment:
Scenario 3 ended up working out as $15450 held and bought back to $15500 and $15600. Poor execution on my part led me to lose money.