We're heading into a relatively quiet week, but a subtle warning sign is forming on the 1D chart that deserves our attention ๐
โ ๏ธ Possible Reversal Signal Forming
๐น Wicks to the upside with no real price progression
๐น Market Makers might be building short positions
๐น We've seen a similar pattern back in January
๐น Need 2โ3 more daily candles to validate this signal
๐น Just a caution flag, not panic โ pullbacks are normal in uptrends
๐ฅ Liquidation Heatmap Zones
We're floating between two liquidation clusters
๐น $122k - $121k โก๏ธ Could be triggered by a fakeout wick
๐น $116k - $115k โก๏ธ More likely during a deeper pullback
๐ Key observation: The largest single liquidation level is at $115.3k
๐ณ๏ธ CME Gap Lurking Below
๐น A CME gap exists at $114.3k
๐น It's just below the $115.3k liquidation magnet
๐น If the wick warning signal gets confirmed, expect a quick drop to this area
๐น Would likely fill the gap, flush longs, and bounce
โ๏ธ Delta Analysis
๐น Delta remains neutral
๐น No signs of major short or long squeezes
๐น Market in wait-and-watch mode โ signs are subtle, but meaningful
๐ TL;DR
๐น Market is in a strong HTF uptrend, but caution is advised
๐น Watch for daily wicks without breakout = potential local top signal
๐น Eyes on $115k - $114k zone for liquidation flush + gap fill
๐น Let the next 2-3 daily candles guide the way ๐
โ๏ธ DYOR. Manage risk. The market never moves in a straight line. ๐ผ๐๐
