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Is the $95Okay–$97Okay liquidation wall the only factor holding again the subsequent move?

After a big worth drop, the market has entered a quiet consolidation part. Worth action is coiling tightly slightly below what seems to be a serious overhead resistance zone, leaving merchants to take a position on the path of the subsequent decisive break.

The important thing degree to observe is the huge liquidation cluster sitting between $95Okay and $97Okay. This area represents a dense pool of liquidity where a large quantity of brief positions can be liquidated if worth pushes greater. Whereas such zones typically act as a magnet for worth, additionally they serve as formidable resistance.

Is this overhead liquidity a goal that may gasoline the subsequent leg up by squeezing shorts, or is it a ceiling that may reject worth and result in additional draw back?

#MarketAnalysis #Liquidity #TradingStrategy