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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.