Price swept 110K with weak volume → no follow-through → sharp rejection.
Now testing 200 EMA near 107K.
Lose it → 105.2K / 103.7K next.
Hold it → bounce to 110.6K likely.
Classic liquidity trap + momentum unwind.
Now testing 200 EMA near 107K.
Lose it → 105.2K / 103.7K next.
Hold it → bounce to 110.6K likely.
Classic liquidity trap + momentum unwind.
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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.