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📊CoFo Lab Market Watch: Buyers AWOL

Analysis and Forecasts
2024-01-23 19:19:18
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📊CoFo Lab Market Watch: Buyers AWOL

 

Sustained downslide continues. Expanding seller pressure facing alarmingly weak bull response.

 

🗣Analysis of CoFo Scout Readings

 

More concerning decline with markedly reduced buyer strength day-over-day per Scout. No real uptick in bear momentum yet but unchecked aggression remains as bids vanish.

 

Weekly long pillar standing but wavering — daily shorts (D3) building with pressure reaching higher timeframes now.

 

Locals and broader ranges highlighting extremely dispersed mixed signals lacking conviction. Select assets providing clearer edge cases.

 

Currently room for further distressed selling absent bull commitment. But lead-in momentum compels prudence on new exposure entries without additional confirmation.

 

Justified short resumptions require observed strength passages to locals. Long entries demand substantial additional evidence on broader timeframes.

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