The "Macro Event" Scalp (Friday Prep) š
Target: BTC/USDT (News Trading)
Timeframe: 1-Minute / 5-Minute Chart
Event: US PMI Data (Friday 08:45 ET)
šØ Trade Setup:
This is a preparation setup for the Friday Volatility Spike. Algorithmic bots will react instantly to the PMI data. We are looking to fade the initial "fakeout" wick.
š The Strategy:
Wait for the data release (Nov 21, 08:45 ET).
Watch the first 5-minute candle. It usually wicks both ways (e.g., dumps to $89k, then rips to $93k).
The Trade: If the initial move is a sharp drop to $89,500 that gets bought up instantly (leaving a long bottom wick), enter LONG immediately on the next candle.
šÆ Targets:
Return to mean (VWAP) at ~$91,500.
ā Stop Loss:
Low of the news candle.
š Note:
This is high-risk/high-reward. Keep leverage low (5x-10x max). The goal is to catch the "liquidity sweep" volatility, not the long-term trend.
