M Formation formed on Daily, which the price broke below. 21>7- Bearish Price <200 - Bearish RSI <50 lower highs Target R1.08
SMC Buy Side Liquidity Order Block formed which was at the top of the M Formation. This is where Smart Money comes in and sweeps buying liquidity from buyers going long and shorters getting stopped.
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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