#Liquidity101 ๐ Liquidity Area:
Mark the zone around 3369 โ 3372.
โ Why this is a liquidity area:
1. Repeated Price Reaction:
Price rejected this zone on multiple occasions (left side of the chart and again most recently).
The horizontal line you drew (around 3369) shows a clear resistance level where price gets pushed down.
2. Breakout and Retest Behavior:
The price recently broke above this level and is now hovering just around it โ this usually indicates the presence of pending orders, both stop-losses and entries.
3. Volume Buildup:
Look at the volume bars: there's noticeable activity as price approaches this level, suggesting institutional interest or liquidity hunting.
๐ฏ What This Means:
This zone is where liquidity is pooled โ that means:
Buy stop orders from breakout traders,
Sell limit orders from previous resistance,
And possibly stop-loss orders from sellers below.