RAVEUSDT.P: short setup from daily support at 0.25380
SETUP SUMMARY
RAVEUSDT.P dropped from practically its all-time high to its all-time low in a single day. The fact that the asset is not showing any signs of a correction immediately caught my attention. Most likely, after a period of consolidation (ranging from a few hours to a few days), the price will continue its downward movement. Another very strong factor is that today's drop stopped exactly at the price of the historical low. Do you think it's a coincidence that the asset halted at the exact same level it did 69 days ago? Someone is clearly trying to hold this level, but the complete lack of a bounce after such a massive dump directly indicates the weakness of the buyers defending it.
PRO-THESIS FACTORS:
RAVEUSDT.P dropped from practically its all-time high to its all-time low in a single day. The fact that the asset is not showing any signs of a correction immediately caught my attention. Most likely, after a period of consolidation (ranging from a few hours to a few days), the price will continue its downward movement. Another very strong factor is that today's drop stopped exactly at the price of the historical low. Do you think it's a coincidence that the asset halted at the exact same level it did 69 days ago? Someone is clearly trying to hold this level, but the complete lack of a bounce after such a massive dump directly indicates the weakness of the buyers defending it.PRO-THESIS FACTORS:
- liquidity vacuum beyond level
- volatility contraction on approach
- impulse absorption at the level
- distant retest
- lack of accumulation
Ordre annulé
Focusing on the balance between buyers and sellers at key S/R levels.
Trading Journal: t.me/The_Traders_House
Trading Journal: t.me/The_Traders_House
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Focusing on the balance between buyers and sellers at key S/R levels.
Trading Journal: t.me/The_Traders_House
Trading Journal: t.me/The_Traders_House
Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.