Liquidity swept | Bearish wave incoming for ONE (4H)

Mar 20

Price is in a bearish trend on higher timeframes. As we move to higher timeframes, the corrective move upward from the bottom shows weak momentum and frequent pullbacks, indicating strong selling pressure.

Recently, we have a bearish CH (Change of Character) on the chart, suggesting that strong sellers have re-entered the market and are attempting to push the price lower again.

Additionally, price has swept the liquidity pool above the chart, and there is also a liquidity pool below. Price is likely to move toward sweeping the lower liquidity.

We are looking for sell/short positions within the supply zone. Targets are marked on the chart. At the first target, move your stop loss to break-even.

A daily candle close above the invalidation level would invalidate this analysis.

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What is your opinion about ONE?

May 8

Trade closed: target reached

It reached the supply zone with a delay, but you can clearly see how the supply zone reacted.

the price was rejected by more than 13%, and all three targets were hit