US30 is clearly in a bearish move right now that is quickly approaching premium demand zone. Looking to take buys off these with confirmation. There is lack of liquidity on the upside here. Price will need to engineer it if it wants to target the above supply levels. Long positions should be conservative, i.e. only to nearby lower timeframe unmitigated supply levels. Turning price around may be grindy after such a fall.
Note
Note
First entry stopped out as price chose to grab liquidity below what should have been a structural low. A re-entry was justified after price broke LTF supply and returned
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