ARE THE BEARS TIRED? (EARTHTRADER ANALYSIS)

16 ธ.ค. 2024

There's a lot of confusion in the market currently, so many questions are being asked and a handful of thoughts are being relayed, but the real question here is; ARE THE BEARS TIRED? At the moment? No! After the sweep on liquidity we saw SHIB contract going all the way to the point of inefficiency/imbalance, and the point is being overlapped by a bearish order block which denotes that they could be a potential silver bullet lying just at that point. If all protocols are to be respected we should see price retrace to the overlapping area and the shoot downwards to the nearest liquidity. If price respects our entry it will form a new lower high which will just make our draw down very valid.

I have drawn potential entry, exit and stop caution areas. Fix your analysis based on these. Remember, this is NFA and always DYOR.

LEAVE A FOLLOW!

17 ธ.ค. 2024

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