Dollar looking Bullish again after taking out Previous Day's low and having a MSS for a potential run on Buyside Liquidity residing above. What this means Risk ON for Foreign Currency Pairs such as EURUSD, GBPUSD going lower attacking Sellside.
Price has so far respected a Bearish OrderBlock on the Daily TF and MSS has shifted bearish on the 30min. Waiting to see a potential drop from the 30min FVG and Breaker targetting the next opposing Liquidity
BINANCE:SOLUSDT www.tradingview.com
On the Daily Timeframe, there is a Liquidity Sweep just above an old high before price has a Displacement to the downside breaking structure(BOS) leaving behind a fair value gap(FVG) or Imbalance if you will.
Currently, the price is making its way up (Retracement) to fill the Imbalance/FVG before having another leg down to...
Solana seems to be making a textbook Wyckoff"s accumulation on the 4h timeframe, with the move gradually moving to Phase D... Share your thoughts down below
Sand has been on a major downtrend since its 8.48usdt ATH price level on November 25 2021, with a steady decline in volume. A potential breakout looks imminent once we are able to break out of the major downtrend and with the entire crypto market looking bullish again.