Clear HTF distribution. There’s a potential pullback (if it occurs) into the 1W PHOB before a downward continuation.
Personally, I’d like to get involved between the HTF Demand zone and the 1M PHOB + 4W HOB, which, in my opinion, could serve as a potential reversal level, so keep an 👀 out
#NEAR has created a BOS, followed by a drop into our POI, which has provided a nice 21% bounce. It’s a level where one can spot-buy NEAR. Personally, I’d only look for longs from the 3M HOB refined into MTF or the demand level just below it.
Other info., such as TPs and entries, is provided in the chart.
I’ve noticed that people usually miss Supply and Demand...
There’s a significant amount of liquidity between 2 & 2.5, specifically around the 21H HOB, which is located at 2.35–2.4. If that level is reached, it could provide a significant bounce; if it overshoots, we should look at the lower levels as shown in the image. It’s currently bouncing from the 7W HOB, but I’m particularly interested in that 21H HOB.
Let’s see...
USDT.D has closed above PSH at 5.51%, which warrants caution. However, I’d like to wait for the weekly close to confirm the direction USDT.S is headed toward. That said, we’ve now taken the 5.6-5.7% level I mentioned last week in my idea, and this should provide enough liquidity to target downside levels. If we overshoot and wick, keep an eye on the 6.1-6.2% level...
#USDT.D closed the daily above the PSL at 5% after bouncing from the 2D Demand level + 4H HOB located at 4.58%. The upside liquidity sitting at 5.6%-5.7% will likely be taken, which will likely coincide with 77K or potentially 72K BTC & 1900-1700 for $ETH. It could reject from the current liquidity block at 5.3%, but because we closed above 5% again, the...
