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Fayez
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$
OM
where did all the liquidity go? And explanations?
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OM
7.4172
-2.62%
502
0
Replies
2
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Fayez
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$BTC The market is going sideways for hours and hours now .. what do you think is the reason?
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$TNSR $BTC $EDU My opinion about the decline is that came as an anticipation of 2 things. 1. The release of the inflation data which is due on the 12th of June at 8:30. 2. The Feds meeting on the 12th of June at 2:30pm which will determine the way forward regarding interest rates. If the inflation data indicate an increase, then the Fed’s job will be harder to show positive outlook in their announcement, and vice versa, as the inflation data will be released hours before the feds meeting. Prices kept falling until they settled midway (not at the next support lines; not at the resistance line) which indicates anticipation. Market could go either side tomorrow after 8:30 am New York time and we will know then for sure. My recommendation is not to take any positions at this moment and wait for the data to take an informed investment decision. Best of luck 🙏🏻
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$TNSR if it manages to cross the .9360 line .. next target is .7360 Now I think the .7360 is a long shot, however it will hover around the .80 level and may bounce ack up before it reaches the next target .. the bounce may or may not be a little correction back to lower .90s but there will be one for sure. I closed my short position at .94 and took profit the reported another with 50% of the first one’s value .. my strategy is to increase my position after crossing the .9360 Happy and profitable trading friends 🙏🏻
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$OM is currently at the critical support line of 1.03 .. if it manages to cross successfully then the next support will be .98 then .94 Looking midway between bearish and bullish with an RSI of 48 on the 1hr candle .. Time to be extra cautious at this level as it could confirm either sides Best of luck 🙏🏻
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$EDU very nice liquidation candle for long positions .. and RSI around 30 is a strong indication for bearish, I expect it to touch .50 Next target is .64
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