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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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.