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.
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.