dronexcrypto

What is trend change?

For a bearish momentum: It is when price action makes a series of lower highs(LH) and lower lows(LL) and then starts to reverse. This is noticed with a breach of the last LH i.e. the last LH fails to make a new LL and instead a candle closes above it to form a higher high (HH) causing structure shift.

For the trend change to be validated, the last LL that caused market structure shift (MSS) must hold when retested (formation of HL and HTF entry zone in the diagram).

Note, after identifying trend change on high time frame (HTF), you must wait for MSS to happen on a lower time frame (LTF) e.g. MIN 30, 15, 5, etc, and find an entry with a simple invalidation.

The waiting period for price action to develop requires alot of patience and that is where lots of traders f*vk up!

Obvisouly, you must find other confluences that validates your entry zone such EMAs, HTF support, volume, liquidity, overall market trend etc.

The opposite is true for a bullish momentum but in this $UNI example a trend change after a prolonged bearish momentum is illustrated.

$FLOKI looks juicy and looking for this range play.

On H4, it a bullish div and on H1, MSS has happened.

Waiting for a retest of the range low and bullish move toewards the previous local high.

#FLOKI✅ #Floki🔥🔥

$AAVE looking for a limit entry on pullback.
#AAVEUSDT

$FLOKI has a div on H4 and sweep of the lows.

placed a limit order with SL below the last low.

Never chase price.

$BTC

I am looking for reaction at Monday mid-range and test of the highs.

Let's see how it unfolds.

Back to $SOL .

Bullish divergence and MSS inside the golden pocket.

entry around 154.8-155.4 with SL below the low at 154.08. Easy invalidaiton with previous high as target.

Let's see if it holds.

Back to $SOL long after a confirmed trend change
- bullish divergence on HTF - H4
- confirmed trend reversal on LTF - MIN15

see pinned post.

$ROSE looks like its ready to make a move.

I like the weekly structure and methinks I can sclap it.

$NEAR is making a major retest after shift on weekly.

Trying to long here with tight SL.

I'm long on $SOL

who's is with me?