On the 1 hour chart, we can see that the price yesterday broke above the counter-trendline and triggered a stronger rally as the buyers piled in more aggressively into new highs. From a risk management perspective, the buyers will have a better risk to reward setup around the 16340 level where they will find the confluence of the blue 8 moving average and the 38.2% fibonacci retracement level. The sellers, on the other hand, will want to see the price breaking lower to increase the bearish bets into the 15929 level.