There has been a significant downside movement to the multi-month range low. We have had a 21-day down trend with no meaningful bounce.
We can long assuming the liquidity stop run is done. Target would be the the previous support-turned-resistance level. Close to that level is another opportunity for a liquidity grab at around $67.2k.
We can long assuming the liquidity stop run is done. Target would be the the previous support-turned-resistance level. Close to that level is another opportunity for a liquidity grab at around $67.2k.
Trade active
Trade enteredTrade closed manually
I didn't like the retest, so closing the trade break even. I'd renter on strength or a sweep of 58K.
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Disclaimer
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.