On the 8-hour time frame, we can see that yesterday, the liquidity at the previous day's low was closed. Now, we are likely to target the previous day's high. The chart shows a strong battle between buyers and sellers, forming a support and resistance scenario, which is a phase of accumulation. This is when liquidity is gathered before the asset either rallies or drops.
During this period, it’s advisable not to open any trades without thorough analysis, as you risk becoming liquidity yourself. On the chart, I’ve marked an order block (a zone of interest) at 56,238. From this level, I expect the asset to increase in value after sweeping the sell-side liquidity. Following that, I anticipate a price increase towards the next target, which is the liquidity at the previous day's high or even higher, where I’ve marked the buy-side liquidity.

It’s crucial to note that if the price closes the buy-side liquidity without first closing the sell-side liquidity, our trade setup will be invalidated.









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Chart PatternsFundamental AnalysisTechnical Indicators

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