All idea comes from chart, the way buyers are pushing shows " Give a little discount and i ll take it", so if discount stops they have to buy at high price, in order to protect their position from a quick breakeven they should push the price higher enough so that a good support zone is formed above their position....or they just wait for discount and my SL hit 😆. Anyway I trade chart psychology just follows. Trade it with proper risk management.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.