I will try to hunt long liquidations in 15 950 - 16 050. This is were bulls who longed 16 050 - 16 250 have stop losses and liquidations. Waiting for confirmation move and going below 16 430. We know were bulls opened long position because of volume profile and simple arithemtics. Traders who opened longs during first upward movement at 16 150 with leverage x50 will get liquidated at 15 900. The price never went there so there is liquidity there which should be filled because of weak bullish sentiment.
Point of control is right now at 16 560. Staying above it means we can go to 17 200 and I would search another short position there. We are in bear market it means that I don't long it.
Entry point: 16 430
TP: 15 999
Stop loss: 16 666
Point of control is right now at 16 560. Staying above it means we can go to 17 200 and I would search another short position there. We are in bear market it means that I don't long it.
Entry point: 16 430
TP: 15 999
Stop loss: 16 666
Trade active:
Entry point triggered let's go
Trade closed: target reached:
TP :)
