📉 General Trend:

Current Trend: Bullish

There is a clear breakout from an old price congestion area around 104,300, indicating the market makers' intention to push the price higher to attract liquidity from hidden liquidity areas.

💧 Liquidity:

✅ Upcoming Targeted Liquidity:

Located above the level of 108,952 – a strong previous peak formed on June 18.

This area has pending sell orders and stop losses for sellers.

🔻 Lower Liquidity Cleared:

The area of 103,371 was touched and then experienced a strong reversal, indicating the clearance of buying liquidity and attracting large buyers.

🟩 Support and Resistance Areas:

Strong Support:

104,319 – The launch area of the last sharp upward wave (Break of Structure - BOS).

103,900 – An area of old liquidity clearance that acted as a reversal level.

Current Resistance:

108,000 – A strong psychological level and average buying price.

108,952 – Previous peak (potential liquidity pool).

🔁 Correction Areas (Retracement Zones):

The price is expected to return to retest:

Between 104,800 – 105,200, which is a new demand area.

If reached and a strong reversal candle forms (like a bullish engulfing candle), it will be an excellent buying opportunity.

✅ Recommendation:

Strategy: Wait for a correction and then enter a buy

Proposed Entry: 105,000 - 104,800

First Target: 106,800

Second Target: 108,950

Stop Loss: Below 103,900

Very important note for further learning

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