2 things I wanna talk about. The first is the HTF liquidity being front-ran at the December high, potentially hinting whales are saving it for next cycle. If, a key level presents itself or after bear market accumulation the .7 level will probably be my cycle target for next cycle.
The 1M HOB is also significant as this may act as the whale's final exit before Valhalla, if that is in the picture. Polygon is in a bearish Macro MS since it's 21' run, it made 3 higher lows this cycle. There is not much liquidity lower after the powerful demand until sub .05 which would drop it -70% again. The air zone between those levels would be the ultimate whale target to cause an ⚡️ crash caused by some extreme FUD news...
I'm not saying it's going to Valhalla, but the MS, large hidden distribution footprints and lack of liquidity lower would at-least concern me. It's entering extreme discount but nothing worth accumulating within outside of the demand. If it survives the upcoming winter, I'd likely look for ❄️ levels (fresh key levels within a bear market for polygon specifically). Regardless, I'm interested in spot buying at the demand and shorting either of those potential future ♨️ levels.
This is why we don’t need to post future calls on our premium to show big gains ~ whatever we give on spot trading are providing bigger results than future !!