Get started
p3nchan

#analysis 17 - Structure break (MSB) and the entry at Breaker

Long
BTCUSDT SPOT (BYBIT:BTCUSDT)  
p3nchan Updated   
BYBIT:BTCUSDT   BTCUSDT SPOT
Supply and Demand analysis breakout
4
8
supplyanddemand analysis breakout
The structure break happened at ~20.4k, and now wait for it get back to the breaker for a entry. SL at around 19.9k, and TP at the 21.7k.
Trade active:
snapshot
Slightly updated SL.
Comment:
snapshot
Slightly updated SL about 0.5 pip.
Comment:
Scenario 1: Going up for the liquidity pocket.
snapshot
Comment:
Scenario 2: Fill the gap and continue the midterm trend
snapshot
Comment:
snapshot
In game. Let's see how it play.
Trade closed: stop reached:
snapshot
Price breaks. Wait for another play.
Thread closed.//
Comment:
The SL was about 1%, which is due to the main trend now is downward, not good for longs. In opposite, if it's short position, I'll do the 2% of SL.
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.