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
Ordine annullato
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
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
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
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.