Stop hunt at strong midterm support level + lift off
315.54 is the midterm low. I see a lot of demand at this level (long wicks, high volume)
Whales are running the stops of the buyers. triggered stops = market sells => whales buy into these market sells.
additionally new sellers might come in because they think it's a "breakdown".
PRZ is the potential reversal zone. I took the fib tool and tried to find a bottom angle point by matching the internal fibs with already existent price action/levels
Gotta be fast on these type of trades and anticipate it beforehand to be able to make good profits : ]
Whales are running the stops of the buyers. triggered stops = market sells => whales buy into these market sells.
additionally new sellers might come in because they think it's a "breakdown".
PRZ is the potential reversal zone. I took the fib tool and tried to find a bottom angle point by matching the internal fibs with already existent price action/levels
Gotta be fast on these type of trades and anticipate it beforehand to be able to make good profits : ]
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