PENG/SOL - Raydium (Meme coin)
TF: Daily
Price Action:
Currently in a bearish trend.
Broke the previous daily structure, and price pulled back in to the current range supply zone which led the break of structure,
Key point: before running into the supply area, price took out the liquidity and then made an internal bos. Currently price is retesting its internal S/R flip zone, which also has a 0.5% of Fib, but as of yet no significant reaction found, if the price starts ranging at the current price levels, I’ll wait for the liquidity to be taken out first before entering a position, or I ‘ll wait for price to come in my demand zone.
Buying Ranges:
0.1403 – 0.1120
*NOT A FINANCIAL ADVICE – DYOR!*
Price Action:
Currently in a bearish trend.
Broke the previous daily structure, and price pulled back in to the current range supply zone which led the break of structure,
Key point: before running into the supply area, price took out the liquidity and then made an internal bos. Currently price is retesting its internal S/R flip zone, which also has a 0.5% of Fib, but as of yet no significant reaction found, if the price starts ranging at the current price levels, I’ll wait for the liquidity to be taken out first before entering a position, or I ‘ll wait for price to come in my demand zone.
Buying Ranges:
0.1403 – 0.1120
*NOT A FINANCIAL ADVICE – DYOR!*
Disclaimer
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.
Disclaimer
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.