Price is currently trading above a marked demand zone, with liquidity being built just above it. This suggests that smart money may still need to sweep liquidity below current lows before mitigating the demand area.
I’m expecting a potential liquidity grab followed by a reaction from the unmitigated demand zone, which could signal the start of a bullish leg toward the next supply. Until then, patience is key, waiting for price to deliver into the demand area will provide the most optimal entry
I’m expecting a potential liquidity grab followed by a reaction from the unmitigated demand zone, which could signal the start of a bullish leg toward the next supply. Until then, patience is key, waiting for price to deliver into the demand area will provide the most optimal entry
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.