note: short only after mitigating the imbalance and bearish candle confirmation. ย chart analysis: higher timeframe bearish, 15m bearish CHOCH, and there are some Imbalance sitting in 1.2410 level. ย
note: short only after mitigating the imbalance and bearish candle confirmation. ย chart analysis: higher timeframe bearish, 15m bearish CHOCH, and there are some Imbalance sitting in 1.2410 level. ย
Liquidity in trading refers to the presence of orders in the market, which can significantly influence price movements. Markets move based on the balance between buying and selling orders, more buying leads to price increases, and more selling leads to price decreases. Liquidity is crucial because it pinpoints where price is likely to move towards or react from, helping traders make informed decisions. Types of Liquidity:
Equal High and Equal Low Liquidity:Equal Highs: These are resistance leve
I would say having patience is the most difficult part about trading. You need to be patient and WAIT for your set ups to occur and not blindly enter a trade. Because you have something in front of you that is constantly moving like price action, you think you have to take action or you'll miss on a price move. That's where most people fail. They think they need to always be DOING something, instead of being patient and only entering a trade when it makes sense to.
MELANIA CHART UPDATE MALENIA IS BEARISH and currently trading at the key support level. it is strong support if breaks downward we will take continuation trade downside, if not then it has high chances below setup might play out.
$CRV ALERT KEEP EYE on $CRV on daily timeframe if it brokes the upper trendline and takes support on the previous resistence , it might move towards next garget which is $1.6
$XRP short entry . I explained my setup yesterday . finally It has gave me a short confirmation. it is broken below the support line and retested and failed.
my entry : 3.177 stoploss : 3.2596 target : 2.9280
LR007
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Bullish
$XRP market analysis . Overall It is aggressively bullish (4H). It has not retraced yet. If Market Goes Healthy correction $XRP can retrace(pullback) to the FIB Golden Zone of 4H time frame . For pullback first it has to break the agressive uptrend line and has to break the key support area . If it goes accordingly, we can plan short entry after retest and confirmation in 15min time frame targeting the previous day low.