Price is currently trading inside a range after a strong impulsive move down.
We are seeing multiple fair value gaps below and above, indicating unfinished business on both sides.
Context
Overall structure remains bearish
Price is consolidating near local support
Liquidity has been swept to the downside
Bullish idea
If price holds this support and reclaims the local fair value gap, a move towards the higher timeframe imbalance becomes likely.
Bearish idea
Failure to hold this area could lead to a continuation into the lower fair value gap, completing the downside move.
Are you expecting a range expansion up or further downside first?
SOLUSDT
Perp
134.5
-0.37%