Observing Consolidation at VAL
As we revisit the Value Area Level (VAL), all eyes are on the potential for consolidation in this critical zone. Currently, there is significant demand around the 60K-59K range, which is a positive indicator for traders. However, itâs important to note that this area still carries some risk due to market volatility.
Despite the uncertainties, the broader market has not turned bearish. This resilience gives me confidence in my strategy, as I have not sold any of my spot holdings. Staying committed during periods of consolidation can often lead to favorable outcomes, and I believe we are on the brink of an upside move.
The current price action suggests that patience could reward those who hold their positions. As we monitor developments in this area, it's essential to stay vigilant and adapt to changing market conditions. For now, I remain optimistic about the potential for a bullish reversal in the near future. Letâs keep an eye on this demand zone and see how the market unfolds!
