This Sunday morning starts off with the same drill, get up &...

This Sunday morning starts off with the same drill, get up & check the chart but instead of going back to bed I head down to the local market for brunch.
The poached egg, grilled salmon on a bed of crunchy smashed potatoes will do fine.

So why won't price get out of this range, let's dig into both.
In early April 2021 (1) price struggled to break through 12c, then bolted taking holders & those who joined in with it, until the trend changed in late December 2021.
Price then retraced to (2) & those who had made bank at (1) wanting to repeat the trick, piled back in & did so.
Price came back to (3) & this was too easy so in they went again but this time the strategy didn't work leaving some buyers to suffer the drop into the abyss.

(4) is where we are now & those who were left stranded at (3) just want their hard earned back & to be made whole again regardless of whatever gains could be had in the future, some will sell at a small loss even just to ease the hurt.
Once this supply has been worked through, we can expect to break through the 12c range to the upside, we just don't know how much of this supply is left.
The other scenario, is that we get a significant update that morphs the bears into bulls & carries us through anyway.
Have a great day.
imo...... not advice