It looks like the CO may be trying to create a fractal pattern similar to the 2023 accumulation zone at 16k area.
This is likely to be a big trap, but as it unfolds more and more traders will liken this to a huge pump to 100k (the percentage gains from 2023 would match up to around 100k from 35k if repeated in 2024).
I think we can test the 23's but may even bottom on the 21.3k Fair Value Gap.
This 21.3k area is also good confirmation for buyers that new highs are coming.
Perfect Re-Distribution liquidity.
This is likely to be a big trap, but as it unfolds more and more traders will liken this to a huge pump to 100k (the percentage gains from 2023 would match up to around 100k from 35k if repeated in 2024).
I think we can test the 23's but may even bottom on the 21.3k Fair Value Gap.
This 21.3k area is also good confirmation for buyers that new highs are coming.
Perfect Re-Distribution liquidity.