Hello Traders. It appears that HOT/USDT is going to invade a possible liquidity zone before returning the price to a higher zone. I have marked this area on the chart. Good luck!
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invasion is completed. The algorithm will now seek to sell at a premium.
Your old floor 0,007 has long since been breached, so if you want to rise again, it will fall deep on the next.
coindown
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Ok.We had a trend correction a few minutes ago according to BTC.HOT did what RVN did yesterday.RVN is holding, lets see what HOT will do,this is the second attempt.Also your answer was noted and taken in consideration.Thank you.
Avery_Upton
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@coindown, I'd like Hot to rally too. Either way, I hope we both catch the rise. All the best.
coindown
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Why?
Avery_Upton
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@coindown, Large orders need liquidity from sellers to drive prices higher. I'm suggesting a tap below 0.08 may trigger a number of sell orders plus grab stops sitting below that zone from bulls who purchased the B leg reversal.
Avery_Upton
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@coindown, At 0.07 we have an order block and an IPL (Institutional Price Level) that triggered the last big move to the upside. It's possible that zone may once again fit the - buy at a premium, the institution algorithm seeks to fulfill.
Avery_Upton
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@coindown, This is just my opinion. At the end of the day - until we have a break in market structure, we are headed down.