BNT │ 12.10.2023

BNTUSDT.P

Signals for level breakout

• bar/candles closure near the level;
  
• bar/candles closure near its high/low;
  
• close retest of the level;
  
• the instrument gradually approaches the level;
  
• accumulation of energy for level breakout;
  
• consolidation near the level;
  
• decrease in trading volumes before the level;
  
• there is no reaction to a strong instrument movement;
  
• no response to a false level breakout;
  
• there is a reserve of calculated ATR;
  
• there is a reserve of technical ATR;
  

Trade Parameters

1. Open: 0.50426;
   
2. Stop loss: 0.50597;
   
3. Take profit:
   
   • 0.49912;
     
   • 0.49741;
     
   • 0.49570;
     
   
   Disclaimer
   Every trader should make their trading decisions based on their own analysis and circumstances. The signals in this channel should be considered as an additional tool for your own consideration.

Trade closed: stop reached:

The level got 'erased,' so there is no clear entry point.
I also made a mistake: I saw this situation, and it seemed very promising to me. In reality, it was, but the main mistake was that I didn't wait for the 4-hour timeframe bar to close. If I had waited for it, I wouldn't have opened any trades because the chart would no longer have met my criteria for selecting situations.

Trade closed: target reached:

Two unsuccessful attempts to go short.

The third attempt was successful, but I adjusted the entry point.