Doesn't look bullish. Now at support of the gann fan line. Broke back into the range, retested 60.8k resistance and was rejected. The deviation over the 60k resistance is technically a fakeout over key level or a UTAD of a Wykoff distribution range. Further downside is now possible.
Yorum:
Reached the bottom of the range in less than 3 hours. 1 billion longs liquidated. This I consider predatory price action, meant to liquidate retail., especially since they broke out of range and made ATH which are very bullish in themselves.
