Price is currently trading below key trend lines, indicating possible weakness. Some traders may begin locking in profits at this stage.
Planning to enter? Maybe some will, but personally, I won’t... as the setup now looks more like a profit-taking zone rather than a fresh entry. Entering here might mean I become exit liquidity for others.
Disclaimer: This post is for sharing and discussion purposes only. It does not constitute buy/sell advice. Please trade based on your own analysis and strategy.
Planning to enter? Maybe some will, but personally, I won’t... as the setup now looks more like a profit-taking zone rather than a fresh entry. Entering here might mean I become exit liquidity for others.
Disclaimer: This post is for sharing and discussion purposes only. It does not constitute buy/sell advice. Please trade based on your own analysis and strategy.
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.
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.