Fake out & moved to contraction. 1.97% RRR. STW on a 5hr chart candle. EQ to OB. Safe exit at 0.76 but no more than 0.79. Many will think resistance but I don’t see it happening. If traders bought late above 0.80 then many will exit without a loss if there’s a second spike and this does not benefit Smart Money. Smart money has added to many bearish OBs as a way to speak to themselves. SM will want to delay in order to cause traders to sell for a loss.
As BT wants to move up. They sell to dip the coin then another group buys to move up the coin. Happens constantly over and over.
Good news is; I have bullish contractions in play above the candle trend means trend will surpass it and ATR reads more value above 0.64 this always means trend will also surpass it.
Patients. I would not sell for losses.
Discount price was at 0.52. EQ is at 0.62 and next OB is at 0.64 on a 30 minute time. 1hr OB reads 0.69.
There can be more.
1hr bullish contraction reads above 0.80.
My conclusion is they’re waiting for traders who bought late to sell for losses.