✅ Entry: Current price action (around 3,392)
🎯 Take Profit 1 (TP1): 3,415
🎯 Take Profit 2 (TP2): 3,446–3,452
🛑 Stop Loss (SL): 3,381 (below the confirmed demand zone)
📊 Technical Insight (VSA-Based Analysis):
The sharp markdown into the demand zone occurred with expanding volume and wide spreads, a classic sign of stopping volume—potential smart money absorption of panic selling.
The second wide-range down candle was followed by lower volume and tighter spread bars, indicating supply exhaustion.
The market is forming a cause (accumulation) at the bottom of this drop, confirmed by:
No follow-through selling despite high volume
Narrow spread candles showing hesitation from sellers
Increasing volume on small up-bars, suggesting hidden buying
The zone aligns with previous structure and lies just above the 0.786 Fib retracement, adding further confluence to the bullish case.
🎯 Take Profit 1 (TP1): 3,415
🎯 Take Profit 2 (TP2): 3,446–3,452
🛑 Stop Loss (SL): 3,381 (below the confirmed demand zone)
📊 Technical Insight (VSA-Based Analysis):
The sharp markdown into the demand zone occurred with expanding volume and wide spreads, a classic sign of stopping volume—potential smart money absorption of panic selling.
The second wide-range down candle was followed by lower volume and tighter spread bars, indicating supply exhaustion.
The market is forming a cause (accumulation) at the bottom of this drop, confirmed by:
No follow-through selling despite high volume
Narrow spread candles showing hesitation from sellers
Increasing volume on small up-bars, suggesting hidden buying
The zone aligns with previous structure and lies just above the 0.786 Fib retracement, adding further confluence to the bullish case.
Related publications
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.
Related publications
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.