We've had the horizonal support flipped with a failed retest, falling volume at the 3200 support level and a bearish right-angled triangle. All signs pointing at a deeper correction.
Being cautious on this and looking for a short position if the support breaks.
Looks like we're in an accumulation phase and waiting for the next leg up. Look at the higher volumes as the price hits the lower half of the blue rectangle. I think whales will be stocking up here at wholesale prices preparing for the next move up.
If we break out of the blue channel to the down side there is another demand zone (green on the chart) @ ~51k
