Price has stalled at last week’s VAH. A situational divergence and local trapped traders create an opportunity for a minor upside move within the balance.
Trading Plan:
Entry Zone (Long): $74,500 – $74,300
Targets:
-$76,300
-$76,800
Invalidation: $73,680
Trading Plan:
Entry Zone (Long): $74,500 – $74,300
Targets:
-$76,300
-$76,800
Invalidation: $73,680
Trade closed: target reached
BTC Update: First Target ReachedThe first target at 76,300 has been successfully hit. The price capitalized on the exit from the "trapped traders" zone after the local retest.
Note
The second target at 76,900 has been reached. The entire intraday long setup has now been fully executed, capturing the move from the predicted demand zone.Final Summary:
Both targets (76,300 and 76,900) hit.
Position fully closed.
The market has completed the expansion move within the balance. I am now stepping aside to monitor the next structural formation and potential absorption at these new highs.
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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.
