Watching a bounce at the CME close level here, but ultimately I want to see some more lows being taken out and flush some more of the weekend open interest
There are a lot of levels to take into account, so I'm mostly watching for big liquidation and OI flush to look for long entries in the zone I marked
The problem is we also have really bad lows at 56k, it's not unthinkable that we sweep those at some point. Sweep those on some bad news with a quick wick, then I think it's a golden opportunity to try longs into new highs
There are a lot of levels to take into account, so I'm mostly watching for big liquidation and OI flush to look for long entries in the zone I marked
The problem is we also have really bad lows at 56k, it's not unthinkable that we sweep those at some point. Sweep those on some bad news with a quick wick, then I think it's a golden opportunity to try longs into new highs
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