Price took out External Liquidity and proceeded to complete the buy side model of the curve. It should be noted that wherever price takes out such liquidity spots, a retracement almost always follows.
What we could expect is price to retrace to the breaker block zone highlighted blue, before continuing with it original rally upwards. This can also be viewed as a classic AMD at play.
What we could expect is price to retrace to the breaker block zone highlighted blue, before continuing with it original rally upwards. This can also be viewed as a classic AMD at play.