The idea previously didn't go according to script. To be exact, it started moving, but it missed the trendline I drew and ended up forming a double-touch level. I am still holding the asset in the spot market, waiting for a breakout of the levels and a potential trend reversal.
From what I see right now, it’s all about the structure. The asset pulled back and swept the liquidity in the green zone I highlighted. If you look at the H4 timeframe, there is a trendline there ready to be broken.
On the downside:
Either way, I’m still holding the asset.
From what I see right now, it’s all about the structure. The asset pulled back and swept the liquidity in the green zone I highlighted. If you look at the H4 timeframe, there is a trendline there ready to be broken.
On the downside:
- Highly manipulative asset: The market maker loves rinsing futures gamblers and hunts stops on both sides.
- CZ's coin: Even though he claims he has nothing to do with it, we obviously don't believe him.
- Aggressive market maker: The MM is so fierce that pumps get retraced within hours. I literally can't keep up with the action.
Either way, I’m still holding the asset.
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