VSA Short Setup Idea (WCTUSDT Perp | 5-min Chart)
Key Signals Supporting a Short:
1. Buying Climax / Stopping Volume (0.3960 spike):
The long upper wick + high volume indicates strong supply entering.
Price sharply rejected that high.
2. Two Follow-up Red Candles with Decent Volume:
Effort vs. Result mismatch — price couldn’t hold gains despite large effort (volume), indicating weakness.
Lower high after the initial peak = potential distribution phase.
3. Last Red Candle has Lower Volume:
Suggests lack of demand rather than strong buyers stepping in.
Trade Plan (Short Setup):
Entry (Trigger):
If price breaks below 0.3510–0.3500 with momentum.
Stop Loss:
Just above recent high — around 0.3645
(above the small red candle's top wick).
Take Profit Targets:
TP1: 0.3400 (nearest support zone)
TP2: 0.3300 (previous low zone)
TP3 (Extended): 0.3150 (test of 24h low)
Extra Confirmation (Optional):
If the next candle shows:
A small up-bar with low volume (test for supply), and
Price fails to break above 0.3645,
That’s a strong signal the up-move is weak — good for short entry.
Want me to watch for a re-entry signal after TP1 or provide this in a trading journal format?
Disclaimer:
Trading crypto is risky and may result in losses. This is for educational purposes only not financial advice. Do your own research.
MR_BK is not responsible for your trades
