Quick idea 4hr short. Im seeing confluence with the golden pocket and the value area high for this current range. We could reject at that level and head down.
A good place to buy in but make sure to set a stop loss incase of downside!
using the fixed volume profile tool - you can see the buy and sell areas inside of trading ranges. When price action moves into a range area, the highest point of buys and sells (point of control, POC) acts like a magnet and support/resistance. Make a plan. dont fomo.
Imbalances are area where price tends to return. Not always but very likely. The difficulty is waiting it out. Price action could dip for months before coming back to fill the area target. The total market structure determines the time frame.
Shib's consolidation into the apex is reaching its max. The holder count has continued to grow to 964,126 during the consolidation. If we break down there are strong support levels below. as well. Shytoshi (one of the developers) has cleared the fud on Shibs total supply. We are ready to shoot up1
We had very good upside potential. Then the Market decided to drop as a whole. The orange verticle lines are bitcoin killzones (Bitcoin dumps). Fun times.
"IF" QNT goes lower, it could bounce at the .618 fib level area around $214. This would be a great scale in buy opportunity.