CELH - Reload opportunity?
As per my last post on CELH, we built enough demand to hit our HTF supply at $32. Successful trade an outlook there. Now after an expected rejection at that HTF supply, we are back at our flip zone which was a strong resistance level now looking to turn into support. With a strong reaction off of this zone we may have another opportunity to at least retest the $32 supply and continue to attempt to break it.
Happy Trading :)
Happy Trading :)
Order cancelled
Obviously did not get the reaction we wanted to flip our zone to support so we are acknowledging that our HTF Supply was just that - HTF Supply - and we will need a deeper liquidity build to retest and ultimately break that $32 level. Looking to begin averaging into a position here in the $26-$27.40 range as we enter our HTF demand.
IF (big IF) price wants to grab maximum liquidity for a monster upside breakout, don't be shocked by a grab down to the low $20's where a ton of liquidity lies.
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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.