EPICUSDT.P: short setup from daily support at 0.3665
EPICUSDT.P dropped sharply in a single day, and the fall stopped exactly at the level of a false breakout from a previous long consolidation. So, we take this level as a baseline. After all, the price doesn't hit the exact same spot days later for no reason.The nature of the drop itself also says a lot: dropped hard, paused, dropped further, and now we are pausing again right above the level, having recently confirmed it. I expect a short here.
On the downside, we must consider that the asset has already moved a lot, and it might lack the strength to break the level. But if my entry point forms, I will try it anyway. Taking a stop loss here wouldn't be a big deal, because if the breakout happens, it could be strong enough to catch a 5 to 10 R trade.
İşlem kapandı: durdurma seviyesi
I took two stop losses, and this setup has exhausted itself.Not
Not
4 to 1
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
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
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
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.