While on a higher timeframe (1 Day) is not clear is it re-accumulation/ distribution phase. So far now there seems to be strong hands are absent or they are not interested so the retail traders are more interesting to sell. Maybe grabbing the liquidity of already buyers makes some interest to strong hands. So far now there is no clear picture of the market direction.https://www.tradingview.com/x/j457Nmau/
Trade active
I think now strong hands take control of the market because they start absorbs the sell orders in order to positions their orders. If we see a change in state of delivery we should go for the long tomorrow because there is enough liquidity pool above to match the buying orders. Note
Buyers must be stronger after spring but now wait for the reaction to confirm this stance. if it absorb the selling orders then we position ourselves along with strong hands.Note
The last chance of Entry for long position at this creek level which is confirm mechanically and our target is also confirm from projection.Trade closed: target reached
Target is reached (:
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.