Price is currently consolidating in a tight range following a strong bullish move, indicating a classic accumulation phase. Below the range, we’ve identified a manipulation zone where liquidity has been swept—potentially trapping sellers and collecting orders for smart money.
This setup aligns with Wyckoff theory:
Accumulation is taking place within a tight range.
Manipulation (Spring) has occurred beneath the range to grab liquidity.
Anticipating a bullish breakout towards the distribution zone, with targets near 3522.
📌 Key Levels:
Accumulation Range: 3,370–3,390
Manipulation Zone: 3,308–3,286
Target (Distribution): 3,440–3,522
🎯 Waiting for a confirmed breakout with a strong bullish candle and volume surge. Monitoring lower timeframes (M5–M15) for optimal entries.
This setup aligns with Wyckoff theory:
Accumulation is taking place within a tight range.
Manipulation (Spring) has occurred beneath the range to grab liquidity.
Anticipating a bullish breakout towards the distribution zone, with targets near 3522.
📌 Key Levels:
Accumulation Range: 3,370–3,390
Manipulation Zone: 3,308–3,286
Target (Distribution): 3,440–3,522
🎯 Waiting for a confirmed breakout with a strong bullish candle and volume surge. Monitoring lower timeframes (M5–M15) for optimal entries.
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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.
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.