190
The current idea is to short the retest of the high around 48036 or even near the IB high 47842 where most of the bid ask is. This is depending on if we can even reach there. We might even be looking at a possible long at the channel bottom because of the exchange pivots being near that area which would likely signify the price would have a movement towards that area before we have any more upward movement. Currently, the price is only bouncing on the dPoC which stands for the developing price of control and will continue to change throughout the day, becoming the previous day point of control (pdPoC). On the 4h timeframe, there is no CCV setup for today because we didn't open outside of pdVAH or pdVAL on the 4h tf. The orange line across is acting as resistance, but a pretty poor resistance since that channel isnt really well respected in this price range it is better in low 30k.
On the 1hf, a bearish CCV setup is possible but unlikely in my opinion as there are traditional exchange pivots there, a channel bottom and a pdVAH in the same range, which indicates the more likely possible bounce off those numbers for a good long. the shorting of IB high would be nice as well which is at 47842.
Disclaimer: I am not a financial advisor and am not giving any financial advice. The aforementioned ideas are of my own opinions and should be taken as confluence to one's own opinion instead. If there are any questions regarding my ideas. Do feel free to comment or message me on discord (Nej#6437) by sending a friend request.
