As per my last post on CELH, we built enough demand to hit our HTF supply at $32. Successful trade an outlook there. Now after an expected rejection at that HTF supply, we are back at our flip zone which was a strong resistance level now looking to turn into support. With a strong reaction off of this zone we may have another opportunity to at least retest the $32 supply and continue to attempt to break it.
Happy Trading :)
Happy Trading :)
Ordre annulé
Obviously did not get the reaction we wanted to flip our zone to support so we are acknowledging that our HTF Supply was just that - HTF Supply - and we will need a deeper liquidity build to retest and ultimately break that $32 level. Looking to begin averaging into a position here in the $26-$27.40 range as we enter our HTF demand. IF (big IF) price wants to grab maximum liquidity for a monster upside breakout, don't be shocked by a grab down to the low $20's where a ton of liquidity lies.
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Trade the Story
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.