Trapped shorts below us holding up the market. We are below settlement, and prices seem to be bottoming out on shorter time frames, but lower stops are closer than upper stops.
There are plenty of pinhãta levels down to fill the market inefficiency below us. 9ema has crossed 20 sma on the 1h indicating downside. Bad risk reward for longing the market here, and seemingly better risk reward for shorting the market down to 4500, 4474 and 4443. If we go to 4534 I'm going to look for shorts to fill those lower stop levels.
There are plenty of pinhãta levels down to fill the market inefficiency below us. 9ema has crossed 20 sma on the 1h indicating downside. Bad risk reward for longing the market here, and seemingly better risk reward for shorting the market down to 4500, 4474 and 4443. If we go to 4534 I'm going to look for shorts to fill those lower stop levels.
trader itcha