ROSEUDT: Avoid Buying ❌
Updated
The main support is luring a HUGE amount of buyers into the market. They feel safe that this is the reversal point because historically it has good structure, I beg to differ.
The last few months have shown us that every bull attempt has gotten absorbed, what makes it different this time?
Since price was delivered to the support with compression, I believe we haven't seen the true liquidity grab yet.
Price will lure as many buyers as it can before collapsing beneath the support.
THEN we may see some relief and a good opportunity to buy, until then sit on your hands and don't jump in here because of buy FOMO.
The last few months have shown us that every bull attempt has gotten absorbed, what makes it different this time?
Since price was delivered to the support with compression, I believe we haven't seen the true liquidity grab yet.
Price will lure as many buyers as it can before collapsing beneath the support.
THEN we may see some relief and a good opportunity to buy, until then sit on your hands and don't jump in here because of buy FOMO.
Comment
If I can locate a sensible sell with my team, I will let you know.Comment
The accuracy on this is unbelievable.
Related publications
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.