RBLX - LTF liquidity being built for a neckline break
We see this HTF supply zone that we've been rejecting off of and creating LTF liquidity for a deeper demand grab.
Essentially sellers are setting up for a push below the $48 neckline - to bring new buyers in for a potential HTF break of $55. We go down, to go further up. Right now, sellers are driving price up in order to add to our seller pool and bring price further down.
Looking for confirmations of rejection and selling volume to enter shorts here.
Happy Trading :)
Essentially sellers are setting up for a push below the $48 neckline - to bring new buyers in for a potential HTF break of $55. We go down, to go further up. Right now, sellers are driving price up in order to add to our seller pool and bring price further down.
Looking for confirmations of rejection and selling volume to enter shorts here.
Happy Trading :)
交易進行
The recent support we found at $48 was strong enough and allowed for a break of LTF supply. We are now approaching our last potential supply zone to reject back toward HTF demand - which is why we have such a small zone and tight stop lined up here. A break and new highs could lead to a strong push to the $60 level.
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