DASHUSDT The logic behind this trade is that, on the higher timeframe, we still have bullish momentum. On the lower timeframe, we’ve seen an upward move followed by a moderate correction.
However, the momentum of the latest leg has weakened significantly, which suggests that the correction may be coming to an end and that another bullish move could be starting.
This is a limit trade, so there is no trigger. The entry is based purely on price reaching the predefined trading zone.
⚠️ Risk Disclaimer
This is just our market view, not financial advice.
Markets are risky, so trade carefully and manage your risk.
Dara Golbon
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.
Dara Golbon
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.