Imo, this chart provides some good sol spot buying areas that we could look out for in the coming days. With the recent price action, we can see that $18-$18.5 will be a key resistance to break, to move to the upside and grab liquidity on to that $24 wall that we need to battle next.
On the downside, I'd definitely ladder some buy orders in at $10, $8 and $5-$6 (if you are feeling lucky) If price goes below $8, I think it will reach $5 faster than you can think and bounce faster from there as well as these are huge buying levels looking at the books. So that would be a quick V shaped price action, tougher to get the order filled but higher reward if it fills.
On the downside, I'd definitely ladder some buy orders in at $10, $8 and $5-$6 (if you are feeling lucky) If price goes below $8, I think it will reach $5 faster than you can think and bounce faster from there as well as these are huge buying levels looking at the books. So that would be a quick V shaped price action, tougher to get the order filled but higher reward if it fills.
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