We extended a bit more than I expected, and we didn’t quite get the strong flush I was looking for. Now, we’re slowly grinding toward the 4-hour 50 EMA after the all-time high.
If that level can’t hold, I’m planning to place some orders in the area highlighted on the chart.
Longs are getting liquidated, and we can see new participants stepping in, placing fresh orders around this zone. I’m calm about it no rush. I’d rather wait and find a clean entry than chase the move.