Tracking the extreme micro-volatility on the $COPPER /USDT perpetual contract today. Following a massive and aggressive liquidity grab that pushed the price from the 5.980 highs down to the 5.813 level, the market is currently consolidating heavily around 5.880.
Order Flow & Strategy (The Waiting Game):
Volume has completely dried up after the initial dump. This tight consolidation usually precedes another volatile expansion. Traders should avoid getting chopped in this middle zone and wait for a clear directional breakout.
📉 Bearish Scenario (Continuation): If the price breaks and holds below 5.870, we could see a re-test of the local bottom at 5.813.
📈 Bullish Scenario (Relief Bounce): A strong volume breakout above 5.900 could trap early shorters and push the price toward the 5.914 - 5.950 supply zone.
Demented Capital Insight: On a 1-minute timeframe, patience is your greatest weapon. Let the market make the first move, then follow the volume.
Pure Execution. No Gambling. 🦅
#COPPER #Commodities #CryptoTrading #TechnicalAnalysis #DementedCapital