#trade $INIT Short on Bounce back
Entry0.12200 - 0.12600
SL 0.13500
TP 0.11000
TP 0.10000
it break 0.1000 then next support 0.0773
The heavy ask wall in the order book is a spoof. The price sweeps the 0.10958 low, forms a massive reversal hammer, and snaps back to test the EMA(9) at 0.12600. This requires a sudden massive influx of buying volume to short squeeze.
Entry0.12200 - 0.12600
SL 0.13500
TP 0.11000
TP 0.10000
it break 0.1000 then next support 0.0773
The heavy ask wall in the order book is a spoof. The price sweeps the 0.10958 low, forms a massive reversal hammer, and snaps back to test the EMA(9) at 0.12600. This requires a sudden massive influx of buying volume to short squeeze.