Massive selling volume spikes near the last swing low, but price reversal came in strong! ๐โก๏ธ๐
The law of Effort vs Result at play:
Effort: Sellers dumped hard, but the result? A bullish reversal ๐
Result: Price back above key levels and closing near $109.5K. ๐ฅ
๐ฎ Price Target:
โ Immediate Resistance: $110K
โ Next Extension: $112K
This move shows that even with high volume sell-offs, buyers are in control. ๐๐ฐ
The law of Effort vs Result at play:
Effort: Sellers dumped hard, but the result? A bullish reversal ๐
Result: Price back above key levels and closing near $109.5K. ๐ฅ
๐ฎ Price Target:
โ Immediate Resistance: $110K
โ Next Extension: $112K
This move shows that even with high volume sell-offs, buyers are in control. ๐๐ฐ
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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.