I expect gbusd to make it to the large green oval area in chart. This was the last time there was buying of any significance so I expect a reaction at this level as those who were long at this level liquidate their open shorts to close at break even/a small loss.
There is resistance at current levels though-look at green horizontal line.
If those longs where the green line start are still in the market they'll be making a big decision, liquidate their positions at break even or hang on in the expectation of higher prices?
My guess-liquidate partially, keep some in the game. Might be enough to act as a brake on prices today though. We shall see.
There is resistance at current levels though-look at green horizontal line.
If those longs where the green line start are still in the market they'll be making a big decision, liquidate their positions at break even or hang on in the expectation of higher prices?
My guess-liquidate partially, keep some in the game. Might be enough to act as a brake on prices today though. We shall see.