30.07.24 MATICUSDT 15 min Bearish Outlook
Shorting maticusdt because price has already taken out buy side liquidity via the function of gathering buy stops. I will currently be looking for confluence using the quote currency USD and movements in the DXY index which controls the strength of the US Dollar.
As a result of this run on buy stops we would expect price to now move towards equilibrium or a disount price array in order to allow market participants a chance to once again purchase at fair value.
As a result of this run on buy stops we would expect price to now move towards equilibrium or a disount price array in order to allow market participants a chance to once again purchase at fair value.
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.