Two options: Limit Buy or wait for confirmation on LTF to buy (more conservative approach). One of this options would give to better R:R, but everything depends on your schedule.
If price looses this buy level hard then itโs likely price wants to sell off, Looking for a short would be the logical thing to do since price is trading around BSL right??? but Iโd prefer a strong rejection at BSL than what looking like a buildup (range) weโre seeing now.
Risk management is important 100% NAFA, DYOR โ๐ฝ
Two options: Limit Buy or wait for confirmation on LTF to buy (more conservative approach). One of this options would give to better R:R, but everything depends on your schedule.
If price looses this buy level hard then itโs likely price wants to sell off, Looking for a short would be the logical thing to do since price is trading around BSL right??? but Iโd prefer a strong rejection at BSL than what looking like a buildup (range) weโre seeing now.
Risk management is important 100% NAFA, DYOR โ๐ฝ
I took a short after draw on liquidity (DOL) at BSL level. ๐ฏ
The short was based off the clean liquidity sweep on the daily timeframe. The entry was based off a turtle soup entry model on the 4HRS timeframe (you can check it out).
I already locked profit because shorting crypto right now isnโt the best of options considering the fundamentals driving prices across board.
I also shorted $Matic and $ftm but got stopped out on $ftm, same entry criteria across.
Sweep off SSL with weeks of trading below (accumulation???) ๐ค
Someone requested that I chart $SAND , request done. ๐ค
Looking for a pullback before trading higher, donโt really want to see price take out liquidity around $0.61 before the pullback (so pullback first).
Entry model (turtle soup) on LTF with confirmation. As long as extreme low holds (invalidation point) then price is primed for that upside move. Risk management is important 100%.
Not convinced on this, so we just gonna sit this one out. PA is too messy ๐ค
But since we prefer getting a discount rather than jumping in at premium, weโd rather just wait for price to come straight to us (pullback). If we see any confirmation on LTF then we execute but if not, we just sing kumbaya.
Mode of LTF execution is on the next image (turtle soup), risk management is important.
Disclaimer: NAFA, Strictly for educational purpose only.
Price is currently reacting to the OB on the left. Nice shorts on LTF right??? If you scalp or day trade.
Levels on the chart; where we are willing to do business (marked out), we definitely not in a hurry, thereโs plenty of opportunities in the market.
You see that accumulation below SSL, reason why we aim for BSL. As long as price doesnโt go below the marked point (X) before hitting BSL. Now we wait for pullbacks into key levels before striking. ๐ฏ
When we know where price is most likely to go then we have more clarity on the trend, then we manage risk accordingly.
Disclaimer: Our setups are strictly for educational purposes.Chart annotations can serve as a point of reference on your chart.
Learning is key. โ๏ธ Donโt joke with risk management.โ๐ฝ