We're forming a Symmetrical on the Daily, which normally has a 50/50 breakout probability in either direction.
However, given that the structure is bullish on the Daily and that we have seen a bullish Tenkan-Sen crossover as well, I personally am leaning more towards a bullish breakout.
That breakout should lead us into the 67.4k region, where we have a lot of untapped liquidity that has kept getting front-run recently.
However, given that the structure is bullish on the Daily and that we have seen a bullish Tenkan-Sen crossover as well, I personally am leaning more towards a bullish breakout.
That breakout should lead us into the 67.4k region, where we have a lot of untapped liquidity that has kept getting front-run recently.