SETUP SUMMARY
Regarding
WLDUSDT.P : after a strong drop, the asset has been consolidating for 5 days. Typically, if an asset comes from above and enters consolidation, it will continue in the same direction — downwards.
This move is reinforced by the fact that
BTCUSDT.P is dropping heavily today, dragging the entire market with it. WLDUSDT.P could indeed break the level today, even though it has already moved quite a lot relative to its average statistics.
We are currently seeing a pre-breakout base forming right at the level. If volatility decreases even further, it will be an ideal entry point, as it will allow for placing a tight stop loss.
PRO-THESIS FACTORS:
Regarding
WLDUSDT.P : after a strong drop, the asset has been consolidating for 5 days. Typically, if an asset comes from above and enters consolidation, it will continue in the same direction — downwards.This move is reinforced by the fact that
BTCUSDT.P is dropping heavily today, dragging the entire market with it. WLDUSDT.P could indeed break the level today, even though it has already moved quite a lot relative to its average statistics.We are currently seeing a pre-breakout base forming right at the level. If volatility decreases even further, it will be an ideal entry point, as it will allow for placing a tight stop loss.
PRO-THESIS FACTORS:
- trend alignment
- liquidity vacuum beyond level
- market correlation
- volatility contraction on approach
- prolonged consolidation
- lack of rejection after false break
- high-volatility approach
- no near-level base
Nota
It is very important that Bitcoin continues to drop. If it goes into a correction, it will pull all assets along with it, making this analysis irrelevant.Trade chiuso: obiettivo raggiunto
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.