COIN- #SUIUSDT
SIGNAL- SHORT!!
As we can see there is a strong resistance above the current market price . This is a strong resistance as I have marked on the chart. The market price exactly bounced back from the demand zone & now it will go to the supply zone. As simple as that. We can also see that the ribbon's of EMA ribbon is becoming closer. So that means it could break that support as early as possible.
We know that right now it is London session, so on this timing the big players will took the price a little bit high & then it will dump as soon as possible when the NewYork session will start.
From the liquidation heatmap , we can see that the price has already grabbed the liquidity upward. Now it will go down to grab lower liquidity. So we get another confirmation of market going down.
SIGNAL-
ENTRY- 2.7736
TP- 2.6701