_Ram
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How I do catch my position on $VELODROMEUSDT? It might help you do the same
On the weekly chart, the trend is bearish, and the price has reached an accumulation zone based on the Rally-Base-Rally concept.
When we switch to the daily chart, the trend is also bearish, and we noticed that the price was consolidating, forming a range. However, the daily structure is too concise to see the pullback during the breakout, so we need to switch to H4 to track the range. On H4, we drew the support and resistance of the range and waited for the breakout to enter the position.
Setup 2 explanation: the impulse we can trade on the range breakout is an H4 trend, and as we're halfway to the TP, the price makes an H4 correction, which represents a new entry point with slightly more risk for the same TP.
#writetoearn
#TRADERSLEAGUE
When we switch to the daily chart, the trend is also bearish, and we noticed that the price was consolidating, forming a range. However, the daily structure is too concise to see the pullback during the breakout, so we need to switch to H4 to track the range. On H4, we drew the support and resistance of the range and waited for the breakout to enter the position.
Setup 2 explanation: the impulse we can trade on the range breakout is an H4 trend, and as we're halfway to the TP, the price makes an H4 correction, which represents a new entry point with slightly more risk for the same TP.
#writetoearn
#TRADERSLEAGUE
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