🚩 $AIN has entered the liquidity hunt zone.
After that red candle printed, the price failed to deliver the expected full reversal. Instead, the next daily candle swept liquidity, and it has seemingly been a hunt spree ever since.
I saw this possibility when the expected reversal failed to play out that day. I almost dropped a warning that the next daily candle could sweep liquidity, but chose to stay on the sidelines. Reason? I felt anyone taking a personal trade should also understand the importance of managing it independently.
And then, the sweep happened.
One thing about chart patterns is that they tend to repeat, but they are never guaranteed. The market can follow familiar patterns today and change the script tomorrow.
Interestingly, the earlier setup still offered an opportunity to take profit before the sweep. Someone who entered at $0.440, for instance, could have exited around $0.420.
That's the reality with coins like these: some create opportunities to make money, while others become hunting grounds for stop losses.
Bias logged.
$AIN now deserves extra caution. We could potentially further liquidity hunt from here.
Be patient, protect your capital, and keep watching.
After that red candle printed, the price failed to deliver the expected full reversal. Instead, the next daily candle swept liquidity, and it has seemingly been a hunt spree ever since.
I saw this possibility when the expected reversal failed to play out that day. I almost dropped a warning that the next daily candle could sweep liquidity, but chose to stay on the sidelines. Reason? I felt anyone taking a personal trade should also understand the importance of managing it independently.
And then, the sweep happened.
One thing about chart patterns is that they tend to repeat, but they are never guaranteed. The market can follow familiar patterns today and change the script tomorrow.
Interestingly, the earlier setup still offered an opportunity to take profit before the sweep. Someone who entered at $0.440, for instance, could have exited around $0.420.
That's the reality with coins like these: some create opportunities to make money, while others become hunting grounds for stop losses.
Bias logged.
$AIN now deserves extra caution. We could potentially further liquidity hunt from here.
Be patient, protect your capital, and keep watching.
