ltc bears have booked profit of a 6hr and 3hr open but 904 1d and 3d opens are in tact meaning price could fall further if they dont take bears opens out
since profit booking is taking place they are now hedging shorts and possibly closed full positions if the 6hr candle close around prev 6hr low a classsic jefe bull will form showing bears fully clsoing positions
bears have put enough fear in the market to exit positions with retail panic sells providing liquidity for them to exit without pushing price down further and also open buys for hedge or even reversal with retail sellin to them at discounted price ! "they always buy when you are selling and selling when you are buying.. SIMPLE ORDER PAIRING AND POFIT BOOKING TO MOVE IN AND OUT
since profit booking is taking place they are now hedging shorts and possibly closed full positions if the 6hr candle close around prev 6hr low a classsic jefe bull will form showing bears fully clsoing positions
bears have put enough fear in the market to exit positions with retail panic sells providing liquidity for them to exit without pushing price down further and also open buys for hedge or even reversal with retail sellin to them at discounted price ! "they always buy when you are selling and selling when you are buying.. SIMPLE ORDER PAIRING AND POFIT BOOKING TO MOVE IN AND OUT
Comment:
closing ltc longs not liking preic action bulls failed to even get to or close to bears open and 3hr is closing as engulfing opening shorts with sl at 6hr high of candle and will hold untill 8:00 pm and 3:00 if price persist