OPENUSDT: short setup from daily support at 0.7062

2 days ago

OPENUSDT.P is holding above the 0.7062 level.
However, the more frequently this level is tested and the weaker the bounces from it become, the higher the probability of a short scenario.
An additional sign of weakness is that the asset is not reacting to Bitcoin's rally.

Key factors for this scenario

• Global & local trend alignment
  
• Price void / low liquidity zone beyond level
  
• Asset decoupled from the market
  
• Volatility contraction on approach
  
• Immediate retest
  
• Repeated precise tests of the level
  
• Consolidation with price compression
  

2 days ago

Note

We are observing a false breakout.
If you were stopped out on this trade, in my opinion, it was a systemic loss, as the entry point was good. Therefore, we keep working.
If the price approaches the level again, I wouldn't consider it a mistake to re-enter, as the primary scenario has not been invalidated yet.

yesterday

Trade closed: target reached

yesterday

Note

The idea played out excellently. The minimum 5-to-1 risk/reward ratio was achieved.