Retail are Short, i am betting on a retest of the highs. Seasonality shows double top for this time of the year.
Here in the 4h we got a resistance violation that triggered many stops we could see a good sell off here. This trade is valid only if we got momentum. As soon as we got consolidation near that level we should exit positions.
could enter aggressively or wait for a retest on lower time frame
you can enter now or wait for retest, we might no have retest
I would wait for a breakout and retest to enter. if the price go up we could take a entry when the price retest the level above