DYMUSDT.P has been holding above the level for nearly a week, confirming it multiple times. Recently, we saw a test via a false breakout, followed by only a shallow correction, and now the price is approaching the support again. This weak reaction from buyers is a good signal. In my opinion, a solid short setup is forming here from the local level at 0.08399.Key factors for this scenario:
- Global & local trend alignment
- Correlation with the market
- Volatility contraction on approach
- Immediate retest
- No reaction after a false break
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Trade closed: stop reached
The asset moved in the intended direction, but there was no valid entry.
Trading facts, not expectations.
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Follow our full analysis & track record on Telegram:
t.me/the_traders_house
Support the analysis:
ko-fi.com/thetradershouse
Not financial advice. High risk. DYOR.
Related publications
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.
Trading facts, not expectations.
Follow our full analysis & track record on Telegram:
t.me/the_traders_house
Support the analysis:
ko-fi.com/thetradershouse
Not financial advice. High risk. DYOR.
Follow our full analysis & track record on Telegram:
t.me/the_traders_house
Support the analysis:
ko-fi.com/thetradershouse
Not financial advice. High risk. DYOR.
Related publications
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.