đź“Ś Watch for $FET's liquidity absorption
đź’Ž FET appears poised to absorb internal liquidity, as indicated by the formation of a pin bar candle, reminiscent of previous instances.
đź’ŽIf FETUSDT demonstrates CHoCH behavior from the bullish Order Block (OB), it suggests that internal liquidity has been absorbed, potentially paving the way for a renewed bullish trajectory.
đź’ŽHowever, a breakdown below the bullish OB would signify a bearish market structure. Nonetheless, given a bullish long-term outlook on FET, I will monitor for more favorable price action, particularly towards the bullish side, noting the presence of a small demand area below.
đź’ŽIf FETUSDT demonstrates CHoCH behavior from the bullish Order Block (OB), it suggests that internal liquidity has been absorbed, potentially paving the way for a renewed bullish trajectory.
đź’ŽHowever, a breakdown below the bullish OB would signify a bearish market structure. Nonetheless, given a bullish long-term outlook on FET, I will monitor for more favorable price action, particularly towards the bullish side, noting the presence of a small demand area below.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.