Range bounded has been the overall trend for Merafe. It seems like there is just a fight between the bulls and the bears. We can only assume the price is most likely to break up due to the previous momentum. I will only wait for a break above or below the range before acting upon. MAs are all close confirming the sideways movement.
SMC: There needs to be a break above the Buy Side LIquidity in order for the bulls to really take over. But right now it's a selling zone for Smart Money which goes hand in hand with the range box.
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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