the level i’m talking about comes from the 3m chart, but the 6m levels matter too. mentally, i treat the entire 0.11–0.16 range as difficult resistance.
i assume resistance will do its job. but as long as the levels below keep producing strong bounces, i also expect that resistance to eventually give way.
that framework keeps me from getting frustrated and exiting too early just because price stalls where i expected it to.