30.07.24 MATICUSDT 15 min Bearish Outlook
Shorting maticusdt because price has already taken out buy side liquidity via the function of gathering buy stops. I will currently be looking for confluence using the quote currency USD and movements in the DXY index which controls the strength of the US Dollar.
As a result of this run on buy stops we would expect price to now move towards equilibrium or a disount price array in order to allow market participants a chance to once again purchase at fair value.
As a result of this run on buy stops we would expect price to now move towards equilibrium or a disount price array in order to allow market participants a chance to once again purchase at fair value.
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