$BTC strategy of scalping in down trend. First identify the trend.
The infographic illustrates a trading strategy based on market structure, specifically a downtrend. Here's a breakdown of the steps:
Step 1: Identify a Lower Low (LL)
The price makes a new low below the previous low, indicating a continuation of the downtrend.
Step 2: Look for a Lower High (LH)
After retesting the previous low, the price makes a lower high, confirming the downtrend.
Step 3: Open a Sell Position
When the price approaches the previous low, open a sell position, anticipating further decline.
Step 4: Close the Position or Continue Selling
Close the position when reversal candles appear, or continue selling until the price makes a high above the previous high, indicating a potential trend reversal.
This strategy is based on identifying and following the market structure, specifically a downtrend. The infographic provides a clear visual representation of the steps involved.
Note! This is not financial advice. Trade on your own risk.
