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.
עסקה סגורה: היעד הושג
Price can stall around this zone for a while so take the profit.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.