PENG/SOL - Raydium (Meme coin)

52
TF: Daily

Price Action:
Currently in a bearish trend.
Broke the previous daily structure, and price pulled back in to the current range supply zone which led the break of structure,

Key point: before running into the supply area, price took out the liquidity and then made an internal bos. Currently price is retesting its internal S/R flip zone, which also has a 0.5% of Fib, but as of yet no significant reaction found, if the price starts ranging at the current price levels, I’ll wait for the liquidity to be taken out first before entering a position, or I ‘ll wait for price to come in my demand zone.

Buying Ranges:
0.1403 – 0.1120



*NOT A FINANCIAL ADVICE – DYOR!*

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