Are we headed in for SOW in phase D?
The big guys hype on top and selling, then break some news and price drops hard.
Quantum computing, option max pain by Deribit, JPOW 4 -> 2 ratecuts, Stong labor market data, silk road governrment sell news today
the selloffs are so massive, and long term hodlers are selling at 100k (looks like distribution).
one time to...
Possible Head and Shoulder play, in daily OB and CME tapped as head. Strong move down with respect of FVG. Forming possible Right shoulder
Aggressive entry:
Possible Right Shoulder forming at Resistance, OTE, respecting bearish FVG.
First TP at neckline
Safer entry:
Wait for retest of neckline for confirmation to enter more safe trade, but watch out for FVG...
