Price is contracted coming at the start of a new month. Liquidity is drawn away, opening up the potential for a larger move. I'll take the risk incase the last few hours of this week result in a rally back to pick up offers. In my view the last move up needed to keep going because the the nearer bid pools look drained.
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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.