Let's try to think like the market makers. This is a potential short term setup, but not the only possible outcome by any means.
In this setup, we expect sell stops to get raided under $6050, and then push the price higher, which could cause two possible short squeezes, which would push the price up even more.
Could be good.
In this setup, we expect sell stops to get raided under $6050, and then push the price higher, which could cause two possible short squeezes, which would push the price up even more.
Could be good.