Tezos. Who’s farming this bounce? Lately, according to industry sources, Tezos has been back in the headlines thanks to fresh activity in its ecosystem and a broader pop in altcoin sentiment. Today price just smacked right into a big 4H supply block around 0.40–0.41, and the reaction is already showing on the candles.
On the 4H chart we’ve got a clean vertical run from the green demand area near 0.36 into that thick orange resistance, with RSI stretched above 70. Volume profile shows a fat node in the green zone and a clear low‑volume pocket in between, so any rejection up here can unwind fast. I’m leaning short term bearish from this supply, expecting a corrective leg back into previous demand as late longs get shaken out.
My base plan: look for rejection wicks and fading momentum in the orange zone, targeting a pullback toward the green band around 0.37 first, then possibly 0.36 if sellers really press. If bulls suddenly blast and hold above 0.41 with strong volume, that invalidates the short idea and opens the road to the next resistance near 0.43–0.44. I might be wrong, but for now I’m waiting for the liquidity grab up here to fade before jumping in.