Stoploss raid and strong buying pressure

ETH dropped down to 129 and made a strong bounce. A clear signal to go short is when the drop happens and there is no bounce. Just a bear flag that may move in a range until it drops for the next leg down. What happened here was buyers came in, or shorts covered, and ETH is currently retracing the drop showing short term buying pressure, and actually more bullishness. The wick on the 15 minute candle on the drop was aggressively bought up and the following 15m candles were more bullish. MACD crossed bullish on the 4h and usually a drop ensues before it breaks upward with strength. For now we need to watch the current resistance as the drop has been completely bought up. breaking up from that resistance will give a strong short term buy signal above 140. Otherwise strong support at 120-125.