Yello Paradisers, did you see how JUPUSDT broke down from its ascending channel right at the crucial 4H resistance zone? That move alone has already triggered warning signals, and now with a bearish CHoCH confirmed together with bearish divergence on both the MACD histogram and RSI, the probability of further downside has increased significantly.
💎 At this stage, aggressive traders could already be looking for short opportunities from the current price action, with a potential reward-to-risk ratio of more than 1:1.5. Conservative traders, however, should ideally wait for a clean retest of the broken resistance zone. A bearish candlestick pattern forming there would provide stronger confirmation before pulling the trigger.
💎 Since we are heading into month-end, a possible liquidity sweep cannot be ruled out. That is why scaling in with smaller position sizes makes more sense here to avoid unnecessary exposure.
💎 Still, discipline is key. If the price manages to break and close back above the invalidation level, this entire bearish setup would be invalidated. In that case, staying out would be the only smart move.
🎖Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
💎 At this stage, aggressive traders could already be looking for short opportunities from the current price action, with a potential reward-to-risk ratio of more than 1:1.5. Conservative traders, however, should ideally wait for a clean retest of the broken resistance zone. A bearish candlestick pattern forming there would provide stronger confirmation before pulling the trigger.
💎 Since we are heading into month-end, a possible liquidity sweep cannot be ruled out. That is why scaling in with smaller position sizes makes more sense here to avoid unnecessary exposure.
💎 Still, discipline is key. If the price manages to break and close back above the invalidation level, this entire bearish setup would be invalidated. In that case, staying out would be the only smart move.
🎖Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
Đóng lệnh: đạt mục tiêu
💎 Nailed it again - #JUPUSDT is Down 4.27%, right on cue!
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.