Multiple liquidity manipulation from above, which should lead us to another decline
๐We can see the rising channel, which acts as no more than 0.5 of the entire local order flow, the buyer getting noticeably weaker and being replaced by a seller๐
In the near term I expect to see a final small impulse to 0.5 Fibonacci, and with a test of the resistance zone for a further decline to 4900$๐
๐I plan to enter the trade from current(5740$-6150$).
๐ Stop loss will be at the level of (6260$)
โ First take (5436$)
โ Second take (5170$)
โ Third take ($4,900)
When the first takeout is reached, the stop loss should be moved to breakeven. Reaching the third take will account for 14% of the net movement excluding shoulders.