Waiting for the Liquidity Flush – Will We Get That Drop or a Sto
Currently holding a short position and have been waiting for a decent liquidity flush towards my TP zone for almost a day now. The thing that bothers me is how slow the price action is—it's grinding lower, but at the same time, building up a new liquidity shelf just above my entry.
This makes me concerned that we might see a quick liquidity sweep to the upside (taking out stops, possibly including mine) before any real move down happens. The area around my TP is loaded with liquidity, but the market seems hesitant to make that push.
What’s your opinion—are we likely to get that clean drop soon, or should we brace for a fake-out and stop hunt first?
This makes me concerned that we might see a quick liquidity sweep to the upside (taking out stops, possibly including mine) before any real move down happens. The area around my TP is loaded with liquidity, but the market seems hesitant to make that push.
What’s your opinion—are we likely to get that clean drop soon, or should we brace for a fake-out and stop hunt first?
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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.