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 it’s 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 I’d prefer a strong rejection at BSL than what looking like a buildup (range) we’re seeing now.
I took a short after draw on liquidity (DOL) at BSL level. 🎯
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 isn’t 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???) 🤔
Someone requested that I chart $SAND , request done. 🤝
Looking for a pullback before trading higher, don’t 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 🤕
But since we prefer getting a discount rather than jumping in at premium, we’d 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, there’s plenty of opportunities in the market.
You see that accumulation below SSL, reason why we aim for BSL. As long as price doesn’t go below the marked point (X) before hitting BSL. Now we wait for pullbacks into key levels before striking. 🎯
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. ✔️ Don’t joke with risk management.✌🏽
Our chart setup is simple ✔️ SSL - BSL (Sell Side Liquidity - Buy Side Liquidity and Vice versa)
Price already grabbed Liquidity below SSL, now we looking at BSL as next target grab. (A draw on Liquidity) 🎯
Knowing where price would most likely to go is 🤯
Use turtle soup confirmation on LTF around key levels, check next image for turtle soup pattern.
The best place to buy would have been around SSL. Buying anywhere around here could be risky (short term), Waiting for a pullback to around $0.3 would be better but use risk that best suits you.
Longs get invalidated when price hits BSL or goes back below X-point under SSL. Risk management is important, NAFA ✌🏽