FrizzyTrades
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FrizzyTrades
ETH has successfully touched the daily fair value gap 50% level, and now are seeing major buying force pushing up, broken 1H bearish structure. Now, it would be safe to see it cross the 4H candle to confirm bullish momentum.Im looking for a short opportunity here as ETH now is showing a retrenchment move to take the liquidity from 1H FVG. I'll wait for it to cross the 15 mins mark up line for BOS confirmation.
FrizzyTrades
Looks like ETH might be heading down after NFP and delay of rate cut. My prediction is at least going to touch 3500 if it doesn't hold then we might see an even deeper retest of the lower resistance. Just my own opinion tho don't shit on me.
FrizzyTrades
So this is a very good lesson for all of us, a confirmed break out needs at least one more strong green candle. In this case it obviously did not happen. Patients really pays off, NO FOMO!
FrizzyTrades
As we can see, Bonk broke through its consolidations with strong buying power. however, meme coins tend to have much higher volatility, right now it has peaked almost to ATH and going down to the previous resistance level for a retest. Where I believe would have a quick flash dump to get the liquidity and then the candle will soon recover back to the top. Traders should be careful about their SL where they thought it would be safe to place under the resistance. If the flash dump comes true, but the candle failed to show strong recovering power, then bonk would heading lower to its previous resistance of the consolidation phase for more liquidity grab. But if it recovered fast and the market provides with a second green candle for confirmation, then bonk would reach its new all time high. I would place a "risky" long position where the majority of the trader would place their SL.AS I PREDICTED! 0.00024609. I TOLD YOU
FrizzyTrades
going up to grab liquidity, and opportunity for a short long then wait for it to touch the lower tunnel for long opportunities.
FrizzyTrades
4h candle claimed top resistant but failed to sustain. a fake out took the liquidity and now its heading down wards for liquidity grab for a final rally to 4k.
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