$NIGHT — A clear trading range and expectations of a liquidity sweep 📊🔍
The 4H chart has formed a very clear technical structure: a distinct range between the lower support zone (around $0.040) and the upper resistance block ($0.055).
Technical facts:
📉 Fading volume: After the initial impulse, trading volume dropped noticeably, pointing to a phase of local consolidation and calm before the next move.
⚖️ RSI has returned to normal: The indicator has cooled to 44.35—there is no longer any overbought condition, leaving room for another move.
🧲 The most likely scenario is a brief sweep of the lows toward the lower boundary, followed by a reversal impulse toward the upper boundary of the range and then a breakout.
Plan:
We’re closely watching how price reacts near the lower support zone. We’ll wait for a confirmed signal on the chart, and only then decide whether to enter a position.
⚠️ Trade responsibly and follow your own risk-management rules. Any trades are at your own risk.
📌 Subscribe to the channel to get real-time updates on this setup!
☕️ If my analysis helps you navigate the market, tips are always appreciated!
The 4H chart has formed a very clear technical structure: a distinct range between the lower support zone (around $0.040) and the upper resistance block ($0.055).
Technical facts:
📉 Fading volume: After the initial impulse, trading volume dropped noticeably, pointing to a phase of local consolidation and calm before the next move.
⚖️ RSI has returned to normal: The indicator has cooled to 44.35—there is no longer any overbought condition, leaving room for another move.
🧲 The most likely scenario is a brief sweep of the lows toward the lower boundary, followed by a reversal impulse toward the upper boundary of the range and then a breakout.
Plan:
We’re closely watching how price reacts near the lower support zone. We’ll wait for a confirmed signal on the chart, and only then decide whether to enter a position.
⚠️ Trade responsibly and follow your own risk-management rules. Any trades are at your own risk.
📌 Subscribe to the channel to get real-time updates on this setup!
☕️ If my analysis helps you navigate the market, tips are always appreciated!