SNX|USDT 1 Hour Timeframe Distribution Setup
Leaving a massive liquidity in the bottom is too scary to go long. So finally market take the previous re-distribution liquidity with very low volume that is suspicious. And now I like to see price is backing down to this liquidity and then we go for long safely.
Right Now we must look for a Spring and then make a short position until it grabs all the buying limit orders.
Right Now we must look for a Spring and then make a short position until it grabs all the buying limit orders.
Note
As I said Market is going to absorb all buying limit orders to the upside (Spring). Now we are heading to grab the bottom liquidity which left.
Trade closed: target reached
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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.