ETH is showing signs of absorption at the bottom of the range, which could present a solid buying opportunity.
The key confirmation Iβm looking for is rising Open Interest. If OI starts increasing alongside price, it would suggest fresh positions entering the market and strengthen the bullish case.
However, if Open Interest remains flat or declines, this may simply be demand stepping in at support rather than the start of a larger move. In that scenario, the level could still be vulnerable to another test before any meaningful expansion higher.
$JPYX Update
Major JPY news ahead, but for now price continues to lose support and drift toward the range lows.
Thatβs where the real test begins.
If this move is simply a liquidity grab, weβll see trapped sellers and absorption emerge at the lows.
Until then, Iβm following the flow, not predicting the outcome.
#JPY #Forex #OrderFlow
$XAUUSD
Despite bullish divergences, I am focusing on HTF (D1 bearish pressure, and trying to time the momentum to the range lows, I would like to see some trapped buyers at this level after seeing bearish DVG after a failed bullish one.