🚨 MAJOR ORDER FLOW IMBALANCE: AAVEUSDT
SPOT IS HOLDING ABOVE 121.69 AFTER A CLEAN CHOCH, AND THAT MATTERS. BUYERS ARE DEFENDING THE BID WHILE SELL-SIDE PRESSURE FAILS TO EXTEND, A CLASSIC SETUP FOR A BOS IF 122.5-123.2 IS RECLAIMED WITH VOLUME.
THIS IS A LIQUIDITY GRAB ZONE: BELOW IS STOP LIQUIDITY, ABOVE IS RESTING SUPPLY. IF PRICE HOLDS THE CURRENT RANGE, THE PATH OF LEAST RESISTANCE IS A SQUEEZE INTO THE NEXT POCKET OF BUY-STOPS.
ENTRY: 121.69-122.20 AAVEUSDT
SL: 119.51
TP1: 131.67
TP2: 136.20
RR: 4.6R
IS AAVE PRINTING A TRUE ACCUMULATION BASE, OR JUST A SHORT SQUEEZE INTO SUPPLY?
#AAVEUSDT #BinanceSquare #SlowSclap #TradingAnalysis
SPOT IS HOLDING ABOVE 121.69 AFTER A CLEAN CHOCH, AND THAT MATTERS. BUYERS ARE DEFENDING THE BID WHILE SELL-SIDE PRESSURE FAILS TO EXTEND, A CLASSIC SETUP FOR A BOS IF 122.5-123.2 IS RECLAIMED WITH VOLUME.
THIS IS A LIQUIDITY GRAB ZONE: BELOW IS STOP LIQUIDITY, ABOVE IS RESTING SUPPLY. IF PRICE HOLDS THE CURRENT RANGE, THE PATH OF LEAST RESISTANCE IS A SQUEEZE INTO THE NEXT POCKET OF BUY-STOPS.
ENTRY: 121.69-122.20 AAVEUSDT
SL: 119.51
TP1: 131.67
TP2: 136.20
RR: 4.6R
IS AAVE PRINTING A TRUE ACCUMULATION BASE, OR JUST A SHORT SQUEEZE INTO SUPPLY?
#AAVEUSDT #BinanceSquare #SlowSclap #TradingAnalysis