4-hour chart, we're observing a persistently bearish trend

21 Jan

On the 4-hour chart, we're observing a persistently bearish trend that has methodically captured all the liquidity levels above the current price. This downward movement is quite notable. Directly beneath the current market position, we see the formation of equal lows, which are now acting as a significant attractor for the price, almost like a magnet drawing it in. These equal lows indicate a strong area of interest for market participants. Looking ahead, I anticipate that this bearish momentum is likely to continue. The potential removal of liquidity above the current price levels could further fuel this downward trajectory. This scenario suggests a strategic opportunity for traders to prepare for a possible continuation of the bearish movement, keeping a close eye on how the market reacts to these liquidity levels.