Ever wonder why a chart looks perfect right before it does the exact opposite of what you expect?

Check out $ALICE ‌ on the 1h timeframe. We just had a massive vertical spike up to 0.1487 but the rejection was just as fast. It’s currently sitting at 0.1265 and trying to find its feet.
The volume on that breakout was huge but that long upper wick is a bit concerning. It shows there's a lot of profit taking happening as soon as we hit those local highs. Right now the order book is looking fairly balanced with about 67% buy interest which is keeping it from dumping back to the 0.1100 base.
If we can hold this 0.1250 area we might see a second attempt at a move up but if we lose this level expect a slow bleed back down to consolidate. I'm waiting for a bit more stability before even thinking about an entry here.

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