Oke. Let's make trading into a game:
Here's how I see it
Right now beras on offense. They take price down to 46k but there was a lot of resting liquidity there = stop price from moving. They begin to close shorts and buy some spot back
Bears become bulls short term like myself
Here's how I see it
Right now beras on offense. They take price down to 46k but there was a lot of resting liquidity there = stop price from moving. They begin to close shorts and buy some spot back
Bears become bulls short term like myself
They are willing to concede the ground in the middle bc pick up inventory at the lows. The stuff in the middle is where the little fish wrecked.
If truly bear then they don't want to give up the contested area bc it defines market structure. The area where they are willing to concede is the stops to force buying, and up into contested area to sell excess inventory
If bullish than that area becomes support. they buy flip
If bullish than that area becomes support. they buy flip
If you think of the market in that context. It helps a lot
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