Sellers are still here and using liquidity to sell. It may remain flat for a while and then break down. There is a chance for a breakout if the selling pressure (and volatility) decreases and the price slowly moves up without making new lows. Therefore, for the upward scenario, we need to see new highs
Breakdown is most common as the biggest liquidity is located at 25k
Breakdown is most common as the biggest liquidity is located at 25k
Note
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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.