1️⃣Index 1h is already high, 4h is slowly moving up. Locally, the seller's move awaits us.
2️⃣Slowly, an advantage of askes appears. In the next 24 hours, it is important to see how sales will be received and whether bids will actively grow. In terms of depth of 10-25%, we are exactly in the middle. There is an equal volume of orders both above and below at this depth.
3️⃣If you look at purchases sorted by order volume, it is also noticeable that they almost stop buying.
4️⃣The area of limit interest of 65.5-66k is still relevant, as I wrote earlier, this is a critical point.
5️⃣Friday’s growth was largely due to the activity of the funds, but, interestingly, they bought back a much smaller volume than they sold a couple of days earlier. Considering the volume of asks from above, the price was returned cheaply, possibly for further sales.
6️⃣For the bot, there are no notifications about a high risk of sales yet, but they will not always be, this is also worth remembering.
💭Conclusion.
I'm inclined to believe that now it's up to the seller, at least locally. Let's see how the buyer copes, at the time of writing, there remains a growth potential of 3-5%, but we'll see.
If you gained positions on May 1, then you can take some profit, move your stops, or reduce the risks if they are too high.
Good weekend!
There is no 'magic formula' in trading, only systematic analysis and a disciplined approach. – D. Schwager
Not a trading recommendation! Be aware of the risks and use a stop loss.
