orderblock
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$SUI comes with an impressive rebound from the daily #orderblock , giving +25% grows within few hours
But the amount of liquidity left below truly scares me, I still have my spot orders open in 2.5-2.8 region
I suppose, before we get there, we need to break the $5 first
But the amount of liquidity left below truly scares me, I still have my spot orders open in 2.5-2.8 region
I suppose, before we get there, we need to break the $5 first
Carlito:
SUI TO THE MOON !!! 🚀🚀🚀
Crypto Educational Post
Understanding Order Blocks: A Crucial Trading Tool
Order blocks are areas where large market participants have likely placed significant buy or sell orders. Identifying and trading around these zones can significantly improve your trading accuracy and profitability.
Why Order Blocks Matter:
Liquidity: Order blocks often concentrate liquidity, making it easier to enter and exit trades.
Price Reversal: When a price reaches an order block, it's more likely to encounter resistance or support, leading to potential price reversals.
High-Probability Trades: Trading around order blocks offers higher-probability setups compared to random entries.
How to Identify Order Blocks:
Price Action: Look for areas where price repeatedly stalls or reverses.
Volume: High volume at a specific price level often indicates a significant order block.
Indicators: Use indicators like the Volume Profile or Ichimoku Cloud to confirm order block zones.
Trading Strategies:
Buy at Support: Enter long positions near the bottom of an order block, expecting a price bounce.
Sell at Resistance: Enter short positions near the top of an order block, anticipating a price decline.
Scalping: Quickly profit from small price movements within an order block.
Key Points:
Practice identifying order blocks on historical charts to improve your skills.
Combine order block analysis with other technical indicators for better results.
Always use risk management techniques to protect your capital.
#Crypto #TradingMadeEasy #orderblock #PriceAction #TechnicalAnalysis #CryptocurrencyForecasts
Understanding Order Blocks: A Crucial Trading Tool
Order blocks are areas where large market participants have likely placed significant buy or sell orders. Identifying and trading around these zones can significantly improve your trading accuracy and profitability.
Why Order Blocks Matter:
Liquidity: Order blocks often concentrate liquidity, making it easier to enter and exit trades.
Price Reversal: When a price reaches an order block, it's more likely to encounter resistance or support, leading to potential price reversals.
High-Probability Trades: Trading around order blocks offers higher-probability setups compared to random entries.
How to Identify Order Blocks:
Price Action: Look for areas where price repeatedly stalls or reverses.
Volume: High volume at a specific price level often indicates a significant order block.
Indicators: Use indicators like the Volume Profile or Ichimoku Cloud to confirm order block zones.
Trading Strategies:
Buy at Support: Enter long positions near the bottom of an order block, expecting a price bounce.
Sell at Resistance: Enter short positions near the top of an order block, anticipating a price decline.
Scalping: Quickly profit from small price movements within an order block.
Key Points:
Practice identifying order blocks on historical charts to improve your skills.
Combine order block analysis with other technical indicators for better results.
Always use risk management techniques to protect your capital.
#Crypto #TradingMadeEasy #orderblock #PriceAction #TechnicalAnalysis #CryptocurrencyForecasts
$BTC Update :
I should have trusted my conviction yesterday when i entered the price at 66800 for a #ShortPosition
We are close the the next #orderblock and this should be a place for a good minor retracement and bounce.
USDT.D indicate a slight resistance at the current level of 5.05%, which is good news.
$ETH is also recovering nicely, so good that I got it at 3202 as my Avg entry.
Sometimes those stink bids really help!
NFA!!
#BTC #ETH_Market_Update
I should have trusted my conviction yesterday when i entered the price at 66800 for a #ShortPosition
We are close the the next #orderblock and this should be a place for a good minor retracement and bounce.
USDT.D indicate a slight resistance at the current level of 5.05%, which is good news.
$ETH is also recovering nicely, so good that I got it at 3202 as my Avg entry.
Sometimes those stink bids really help!
NFA!!
#BTC #ETH_Market_Update