pbmalla77

Projection where price is likely to move

Long
pbmalla77 Updated   
KRAKEN:XRPUSD   XRP

Long
Comment:
Month FMV: Monthly trading open to high. Area where someone with large funds conducting business.

50: Equilibrium ( open to close). I see this level as base Support/resistance.

Recent high/ high players ( Liquidity Pool)
1. Traders who are already short. Protective stops resting above high
2. If price retraces to these levels likely Breakout traders buy to run prices
higher
3. Good level for resistance. More sellers sell to move price lower
4. If price continues to move higher. Swing/long term traders buy to move prices
higher
5. If prices fails false break more sellers sell to push prices lower
Comment:
Fast Parabolic moves : voids that will get filled. Price moves to hunt liquidity pools.
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