Thanks to Smashelito for pointing out the important price levels we should watch. As he often says, "Not chasing a trade doesn't mean you should automatically trade in the opposite direction."
I’m not sure if my thinking is flawed, but when I noticed that the 5740 level didn’t follow through well, and the footprint chart’s delta suggested that aggressive bears trying to short were trapped, it seemed like a solid long setup.
P.S.: I recorded the video in Cantonese and used AI to translate it into English. Please note that the visuals and audio might not be perfectly synced. Thank you for your understanding!
lol sellers below 40 are having such a difficult time
Thanks to Smashelito for pointing out the important price levels we should watch. As he often says, "Not chasing a trade doesn't mean you should automatically trade in the opposite direction."
I’m not sure if my thinking is flawed, but when I noticed that the 5740 level didn’t follow through well, and the footprint chart’s delta suggested that aggressive bears trying to short were trapped, it seemed like a solid long setup.
P.S.: I recorded the video in Cantonese and used AI to translate it into English. Please note that the visuals and audio might not be perfectly synced. Thank you for your understanding!
video link:
https://x.com/williamwong47/status/1841157535216386172?s=46
Last week low was not taken out poor sellers!