$BTC Has done the fvg fulfillment right the expected zone.
-Today we have some freaking hot news from the US especially from FOMC meeting and the Fed rate cut. Then tmr we have Unemployment Claims and Friday with the Non-Farm Payroll ‼️‼️‼️
- I reckon using risk management when trading during the news as the market will be high volatile
- I will sit on the pitch to watch the game today due to Fed news (I basically hate this kind of news)
🔺 Some of the altcoins need to pay attention 🔺
As I have seen a couple of Buying ideas on these one such as: $WIF $NOT and the 🐸 (PEPE)
1. On Wif:
- 1D chart showing a CHOCH ( change of character), there are some bullish fvg need to be fulfilled before the price go up again. For me I wont enter any Buy until I see 1.7x-1.8x area.
- Whenever we see this price again, seek smaller timeframe for a really good entry. Do not rush
2. NOT:
Lower FVG zone : 0.0107-110 need to be watching carefully how the price react to this level. No trades for me on NOT at the moment
3. 🐸
- A breakout from a falling wedge pattern days ago created bullish fvg on 1D chart
- Seek smaller timeframe and wait for the reversal
to retest these fvgs if you would like to go LONG on PEPE
- I wont rekon any LONG position on this right now
Let see how the news play and we can decide later on, no rush
📌Dislaimers: All my predictions based on my trading strategies, DYOR before entering the market.
📌 Trading Rules:
- Always put SL ( TP might not be needed ) to reduce the risk
- Using proper money management to make sure you do not miss the ideas entries
- Trailing your SL or using Break Even
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Thank you and Trade Safe ❤️