The odd part of this
$LINK hart is the bounce
it came off a swept 10.10 low yet it barely lifted before stalling under the EMAs.
Structure is a clean lower high sequence with
BOS down through 11.00 and 10.70, and price is deep in discount below both the 50 and 200 EMAS.
The 10.57-10.64 order block is the last up candle before the drop so a corrective push into it should meet offers rather than demand.
Continuation toward 10.10 is the base case; a reclaim of 10.70 is what would break it.
Does this bounce look like a real turn to you, or just fuel for the next leg down?
More reads like this land daily in the group, bio has the way in.
$LINK hart is the bounce
it came off a swept 10.10 low yet it barely lifted before stalling under the EMAs.
Structure is a clean lower high sequence with
BOS down through 11.00 and 10.70, and price is deep in discount below both the 50 and 200 EMAS.
The 10.57-10.64 order block is the last up candle before the drop so a corrective push into it should meet offers rather than demand.
Continuation toward 10.10 is the base case; a reclaim of 10.70 is what would break it.
Does this bounce look like a real turn to you, or just fuel for the next leg down?
More reads like this land daily in the group, bio has the way in.
