I would have expected a stronger selling pressure from the supply zone that the price is currently in, but the price seems likely to target higher levels to grab more liquidity and mitigate extreme levels before going down.
Buys look more probable for now in lower time frames. I will look for sells as ( if ) I see strong liquidation and bearish momentum after price mitigating upper levels.
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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.