TAO/USDT EXPLOSIVE MOVEMENT!!!
TAO SMASHED through buyside and VIOLATED the hourly imbalance. Where is it going next??
Remember:
THIS IS NOT FINANCIAL ADVICE. I AM NOT A FINANCIAL ADVISOR. I AM SHARING MY IDEAS IN HOPES OF OTHERS SHARING THEIRS WITH ME AS WELL SO WE CAN LEARN AND GROW TOGETHER. TRADING IS EXTREMELY RISKY SO BE CAUTIOUS AND TRADE AT YOUR OWN RISK. DO YOUR OWN RESEARCH. ANALYZE YOUR OWN MARKETS. AND TRADE SAFE!
- After TAO smashed buyside and violated the hourly imbalance, we must look for our next area of interest.
- Looking at the hourly chart, we see that there is a volume imbalance that needs to be rebalanced AND an hourly SIBI that needs to be rebalanced as well!
- Looking to see how price reacts when it reaches these levels.
- IF it violates these levels, then it's telling us that it wants to take out more buyside liquidity.
- IF it respects these levels and shifts in market structure lower, then we shall see a reversal to the downside.
- There are always multiple outcomes so it's BEST to be patient, and RESPOND to what price is telling us rather than REACT!!
Remember:
THIS IS NOT FINANCIAL ADVICE. I AM NOT A FINANCIAL ADVISOR. I AM SHARING MY IDEAS IN HOPES OF OTHERS SHARING THEIRS WITH ME AS WELL SO WE CAN LEARN AND GROW TOGETHER. TRADING IS EXTREMELY RISKY SO BE CAUTIOUS AND TRADE AT YOUR OWN RISK. DO YOUR OWN RESEARCH. ANALYZE YOUR OWN MARKETS. AND TRADE SAFE!
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.