Trade-Journal

MARKET STRUCTURE 👑! MY LOCAL TRADE PLAN! 11/3/24

BYBIT:BTCUSDT.P   BTCUSDT Perpetual Contract
Following a range break, it's common to anticipate a retracement to retest the old range demand, focusing particularly on internal single demand zones. 🎯 These zones often serve as significant levels where price action could exhibit notable reactions.

In our analysis, we've identified specific levels that we'll be closely monitoring for potential trades. Each of these levels represents a point where we expect a clear market structure change, which could signal lucrative trading opportunities. 📊 However, it's essential to remember the principle: "no change, no trade."

By exercising patience and discipline, we'll wait for the market to confirm our analysis by demonstrating the anticipated structural shifts at these areas of interest. Only then will we consider executing our trades, ensuring we align with the evolving dynamics of the Bitcoin market. 📈 Stay tuned as we navigate these critical levels together and capitalize on the opportunities they present! 💼

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.