Seoul/USDT | To Bullish OB then bounce up


Seoul/USDT | To Bullish OB then bounce up

Sol/Tetheros Binance:SOLUSDT



By examining the four-hour chart of SOLUSDT we can see that after reaching 98.41 last week, it went in a bearish move all the way to 83.50, reached a bullish OB and rebounded slightly, and is currently trading at 84.50.

Right now, I expect Solana to pull back to the bullish OB level and then bounce from there. If it gets inside FVG and settles above CE at 87.75, so much the better. It should sweep liquidity below the 83.23 level as well in the process.

However, if the price reverses before reaching the bullish OB line, I expect it to reach the IFVG line on the 4-hour time frame to retest it.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *