CRVUSDT is back at it in a couple day uptrend. When will it end? Here's my take.
I see a very slight market structure break on the 15m that leads me to believe we may tap liquidity highs once more before we descend. The 768 retrace and monthly pivot point (short zone 1) could certainly hold as the final level of resistance before a reversal. If not, we are tackling liquidity in the 1.23 (short zone 2).
Look for an entry within the short zones and be patient. Perhaps market structure/price action will tell us something else when we get back up there.
TP targets 1 and 2 shown. TP target 1 is sandwiched between the potential up move and old down move 0.5 fibs, TP target 2 is based on volume profile.
Simple and easy trading plan with solid risk to reward if you are willing to anticipate the countertrend move.
I see a very slight market structure break on the 15m that leads me to believe we may tap liquidity highs once more before we descend. The 768 retrace and monthly pivot point (short zone 1) could certainly hold as the final level of resistance before a reversal. If not, we are tackling liquidity in the 1.23 (short zone 2).
Look for an entry within the short zones and be patient. Perhaps market structure/price action will tell us something else when we get back up there.
TP targets 1 and 2 shown. TP target 1 is sandwiched between the potential up move and old down move 0.5 fibs, TP target 2 is based on volume profile.
Simple and easy trading plan with solid risk to reward if you are willing to anticipate the countertrend move.
تم فتح الصفقة
Nailed the entry candle exactly (lucky prediction)!TP1 target reached. Stop loss should go near daily pivot point... or for a tighter stop above daily ADR low.
My second TP zone still looks viable. Letting the rest ride from here.
أغلقت الصفقة: تم الوصول للهدف
Not only did the first trade setup work out perfect, there was a SECOND setup that I never even noticed off the same levels. SMH that I missed it!
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❤️ Premium indicator subscription @ Whop includes: Mojo Levels, Manipulation Model, Super Oscillator, VIX Meter, and Volatility Radar
🔗 whop.com/c/upslidedown/t use discount code FRIENDOFUSD for 20% off FOREVER
🔗 whop.com/c/upslidedown/t use discount code FRIENDOFUSD for 20% off FOREVER
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.