Educational Post **DOUBLE PURGE** HOW TO ANTICIPATE: 1-FIND A GOOD RANGING CANDLE WITH WICKS SMALLER(LESS THAN 50% OF THE BODY). 2-BETTER IF ITS A MONTHLY/WEEKLY/DAILY CANDLE. 2-WAIT FOR PRICE TO PURGE(WICK) BOTH HIGH AND LOW OF THAT CANDLE. 3-MAKE SURE BOTH PURGE CLOSE INSIDE THE RANGE OF THE ORIGINAL CANDLE. 4-PRICE SHOULD MOVE TOWARDS THE ORIGNAL/FIRST PURGE.
ENTRIES: 1-FOR MONTHLY DOUBLE PURGE GO TO 1D FOR ENTRY. 2-FOR WEEKLY DOUBLE PURGE GO TO H4 FOR ENTRY. 3-FOR DAILY DOUBLE PURGE GO TO H1 FOR ENTRY.>
leverage : 1x originally but if you use then no more than 3x (manage your risk accordingly)
targets 1599 1570 1540 1500
reason of trade : price is getting rejected from a key resistance area + structure is starting to get bearish and there are some signs of reversal + we have lots of liq to the downside.
take the setup with small size, DCA and enter in parts and don't go heavy on this as our stops are wider this time.
stop loss : if a candle on 1 hour chart closes above 1690$ then this will be considered as SL (i will also update real-time and if i am going to close or if there are any changes to be made)
- **EP:** CMP (12.65 is my entry. If the price drops too much you can set your limit as my entry or you can split your first entry between CMP and my entry) - **DCA:** 13.355 - **SL:** 4H close above 13.952 - **TPs:** Will be updated
**Breakdown:** Price is getting rejected from the Quarterly VWAP and 1D 12 EMA — EP is around that confluence. DCA is set near the daily resistance level.
Just picked up some ONDO spot here at CMP. Falling wedge breakout and has hit big weekly support (also uptrending unlike most alts, im looking at you ethereum) •DCAs @ 0.688 & 0.577 •TPs in orange •WIll manually cut this if we lose 0.55 on the daily after dca's
**SUI Limit Short Setup** **Entry (EP):** 2.1580 **DCA:** 2.3524 **Stop Loss:** 4H close above 2.49 **TPs:** Will be updated
**Why this trade?** - EP is just below a daily resistance area and under an order block, making it a potential rejection zone. - DCA is positioned near a weekly resistance, offering a solid level to scale in if price moves up.
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nebepe
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“Join me for actionable trading insights and strategies that aim to unlock future profits. Let’s grow together in the world of trading.” #FutureTarding #GrowYourWealth
“Join me for actionable trading insights and strategies that aim to unlock future profits. Let’s grow together in the world of trading.” #FutureTarding #GrowYourWealth