LIQUIDITY WATCH 🚨 A significant cluster of liquidity is fo | M_sani110 on Binance Square

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LIQUIDITY WATCH 🚨
A significant cluster of liquidity is forming just above Bitcoin's current price level. This could attract aggressive price action soon, as market makers may push the price up to tap into that liquidity pocket.
Keep your eyes on the charts — a sweep or breakout might be closer than it seems!
#BTC走势分析 #BinanceAlphaAlert 

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THE TRUTH YOU NEED TO KNOW ABOUT SUPPORT AND RESISTANCE WHICH THEY'LL NOT LET YOU KNOW. If you read most trading textbooks, they’ll tell you that the more times support and resistance are tested, the stronger they become. But that’s not true, because the more times support and resistance are tested within a short period, the weaker they become. Here’s why… Support exists because there’s potential buying pressure around a certain price level. (This buying pressure could be institutional orders, retail orders, smart money, etc.) So what happens when the price re-tests support multiple times? Well, these orders start to fill up. Eventually, when all these orders are filled up, there’s no one left to buy and that’s when support breaks. This means the more times support and resistance is tested (especially within a short period), the weaker it becomes. Why a short period? Because it’s unlikely new orders will be “replenished” so quickly. And that’s why the more times support and resistance are tested within a short period, the weaker they become.

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