Growth without position accumulation by a cope player - #FTT
đThis situation is very interesting because of the actual absence of any accumulation, and the change of trend from downtrend to uptrend.
At the moment we are in the stage of position accumulation after local growth.
đIn the near future I want to see a retest of the volumetric level POC(1.639$), there is also an important Fibonacci level 0.786, after a successful test will be opened long position with the aim of breaking through the resistance zone and updating the structural high, which acts as a pool of liquidity eqh at the level of 2.368$.
đI plan to enter the trade from Đ°current ($1.7-$1.5) levels.
đ Stop loss will be at the level of ($1.44)
â First take ($1.97)
â Second takeout ($2.368)
When the first take is reached, stop loss should be replaced to the entry price. Reaching the second take will be 42% of net movement.
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