@everyone
Market update
For a spot to take interest in the chart...
The chart has to provide them with a reason.
Usually, these are the reasons why spot buys
- FOMO buying, when a big candle comes in
- Slow gradual drop to a recently flipped resistance-to-support
- Discount areas aka Liquidity sweeps
Now for the first reason, our current chart has to produce a sharp leg above 90k, lets say 92k, people see this, and start fomo buying
||Mind that, this type of sharp leg highs, hurt your alts ultimately,
For the second reason, That point could be the Range Top SR area marked on the chart. Come to this area and have a nice spot bounce, but that has to be gradual drop.. SUDDEN DROP HOTA HAI TO SAANS NAI AATI PARTICIPANTS KO!!!
For the third reason, the liquidity is sitting below the range.. which is already mentioned in the previous charts... but reaching this area will cause more panic.
Right now, I would say all three have the same amount of possibility to happen, you position yourself accordingly