We may be witnessing what is called PO3 on STORJ
This is a concept coined I believe by ICT and the first time I heard about it was from RektProof at twitter.
Basically this is when you have a consolidation range, where people have their stops above and below, we then witness a manipulation like in the chart above, and then we may see a significant rally after absorbing all of the liquidity sitting below the range.
Are you ready for the next move?
Basically this is when you have a consolidation range, where people have their stops above and below, we then witness a manipulation like in the chart above, and then we may see a significant rally after absorbing all of the liquidity sitting below the range.
Are you ready for the next move?