Look at this, i hope this makes sense for u.
#pippin 1. Shorters got liquidated, also new shorters and buyers entered, way more buyers.
2. In demand zone not much interest - no volume, OI doesn't rise, but price goes up, very likely driven by shorters taking profits. (that was a warning for buyers)
3. In supply zone again not much interest, longs who where still trapped close positions. (many probably had enough of waiting)
4. Warning is over, long trap hits again and new short trap is active now, price rapidly goes down, big candles but without significant volume (that's a divergence and could be the next warning), again very likely driven by scared buyers who close positions also whales who take profits.
> last 4h candle on the picture shows OI is suddenly rising again, zooming in on the 1h chart confirms volume rises this time, more shorters than buyers entered late
> late shorters will now provide liquidity and should be very careful because even if price continues to go down it could rapidly reverse.