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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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。