Looking at the previous price action, its evident that atlast required a pull back before a continuation upwards. Currently price is sitting on the area where the highest volume of trades took place.
There are currently low volume candles at this zone which indicate accumulation for distribution. Usually when price coils like this, we can expect a big move in either direction. Price is basically building strength. In other technical terms this is considered a bollinger band squeeze.
This is the optimal entry area short or long. Would be best to wait until price shows us what it will do. If I was the MM id wick prices down into the money zone and take out all the obvious stop loss orders below there.
There are currently low volume candles at this zone which indicate accumulation for distribution. Usually when price coils like this, we can expect a big move in either direction. Price is basically building strength. In other technical terms this is considered a bollinger band squeeze.
This is the optimal entry area short or long. Would be best to wait until price shows us what it will do. If I was the MM id wick prices down into the money zone and take out all the obvious stop loss orders below there.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.