Came down into the equilibrium of the weekly range, Mitigating a buyside-imbalance sellside-inefficiency (BISI) with a nice reaction on the H4 Timeframe. The Latest CoT Report also shows an increase in non-commercial buying suggesting institutional buying. Remember, if 'smart money' wants to go long on an asset they will drive he market down to get it at cheaper prices and increase their profits available from longs.
Trade active
So yh, target $120k
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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.