S is Preparing for a Key Liquidity Grab and Potential Reversal
Previously, S swept the liquidity from the upside and formed a zig-zag corrective structure within a descending channel. Following a clean breakdown, it has struggled to recover — despite broader bullish conditions in the market.
Now, the structure is showing strong signs of a potential long-side liquidity grab in the coming days or weeks. This setup often marks the final phase of accumulation before a major upside move.
Additionally, the price action aligns perfectly with Fibonacci extension levels, particularly around the $0.38 zone, which could act as a key support and entry area for long positions.
A decisive reaction from this zone could trigger the beginning of a strong reversal, leading to the next impulsive leg.
— Thanks for reading.
Previously, S swept the liquidity from the upside and formed a zig-zag corrective structure within a descending channel. Following a clean breakdown, it has struggled to recover — despite broader bullish conditions in the market.
Now, the structure is showing strong signs of a potential long-side liquidity grab in the coming days or weeks. This setup often marks the final phase of accumulation before a major upside move.
Additionally, the price action aligns perfectly with Fibonacci extension levels, particularly around the $0.38 zone, which could act as a key support and entry area for long positions.
A decisive reaction from this zone could trigger the beginning of a strong reversal, leading to the next impulsive leg.
— Thanks for reading.
Trade geschlossen: Ziel wurde erreicht
Price can stall around this zone for a while so take the profit.
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.