The start of the month has landed on a Sunday, which when combined with the low liquidity of a Sunday suggests potential volatility.
We have also been ranging near a big even ($60K), so we can expect many stop losses to be placed there, making it a target for liquidity hunting. The same can be said for the triple bottom at around $58K
The full oscillation shown here isn't necessarily likely, but it should be anticipated since it would provide an excellent opportunity without additional risk when compared to only trading the high and low.
We have also been ranging near a big even ($60K), so we can expect many stop losses to be placed there, making it a target for liquidity hunting. The same can be said for the triple bottom at around $58K
The full oscillation shown here isn't necessarily likely, but it should be anticipated since it would provide an excellent opportunity without additional risk when compared to only trading the high and low.
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Partial close at stop loss :(Note
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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.