🚨 MAJOR ORDER FLOW IMBALANCE: VELVETUSDT
PRICE IS HOLDING ABOVE 0.44834 WHILE SENTIMENT STAYS NEUTRAL, WHICH USUALLY MEANS THE NEXT MOVE IS BEING BUILT, NOT CHASED. WITH WHALE PHASE STILL UNKNOWN, I’M WATCHING FOR A CLEAN BOS ABOVE LOCAL SUPPLY OR A CHOCH IF 0.4396 FAILS.
THIS IS A LIQUIDITY GRAB ZONE: BUYERS ARE DEFENDING THE ENTRY WHILE SELL-SIDE LIQUIDITY BELOW IS STILL UNTAKEN. IF PRICE RECLAIMS AND HOLDS 0.44834, THE STRUCTURE FAVORS CONTINUATION TOWARD THE NEXT POOL OF STOPS.
ENTRY: 0.44834-0.45200 VELVETUSDT
SL: 0.439605
TP1: 0.520000
TP2: 0.637125
RR: 1:7.6
IS VELVETUSDT PRINTING A TRUE BOS HERE, OR IS THIS JUST A LIQUIDITY SWEEP INTO SUPPLY?
#VELVETUSDT #BinanceSquare #SlowSclap #TradingAnalysis
PRICE IS HOLDING ABOVE 0.44834 WHILE SENTIMENT STAYS NEUTRAL, WHICH USUALLY MEANS THE NEXT MOVE IS BEING BUILT, NOT CHASED. WITH WHALE PHASE STILL UNKNOWN, I’M WATCHING FOR A CLEAN BOS ABOVE LOCAL SUPPLY OR A CHOCH IF 0.4396 FAILS.
THIS IS A LIQUIDITY GRAB ZONE: BUYERS ARE DEFENDING THE ENTRY WHILE SELL-SIDE LIQUIDITY BELOW IS STILL UNTAKEN. IF PRICE RECLAIMS AND HOLDS 0.44834, THE STRUCTURE FAVORS CONTINUATION TOWARD THE NEXT POOL OF STOPS.
ENTRY: 0.44834-0.45200 VELVETUSDT
SL: 0.439605
TP1: 0.520000
TP2: 0.637125
RR: 1:7.6
IS VELVETUSDT PRINTING A TRUE BOS HERE, OR IS THIS JUST A LIQUIDITY SWEEP INTO SUPPLY?
#VELVETUSDT #BinanceSquare #SlowSclap #TradingAnalysis