$BULLA – Resistance Rejection Setup

$BULLA is currently testing a key resistance level for the third time, an area where price has previously been rejected multiple times. Repeated testing of the same level increases the probability of a reaction, as liquidity at the top gets absorbed over time.

📊 Market Context

Resistance tested multiple times

Previous rejections from same level

Repeated liquidity absorption at highs

Potential exhaustion zone forming

📌 Key Idea

When price repeatedly fails at the same resistance, it often signals weakening buying pressure. This increases the probability of a pullback or rejection from the zone if momentum does not break through convincingly.

⚠️ Risk Note

Even with repeated rejections, breakout attempts can still occur. Confirmation is required before assuming a top is fully formed, as liquidity-driven spikes are common in such zones.