For the second day in a row,
STBLUSDT.P is confirming the strength of the level with clean tests.
Below this level, there are no nearby obstacles that could complicate the asset's fall.
Therefore, it is worth waiting for your own entry point, while carefully monitoring the volatility, as always.
Key factors for this scenario
Below this level, there are no nearby obstacles that could complicate the asset's fall.
Therefore, it is worth waiting for your own entry point, while carefully monitoring the volatility, as always.
Key factors for this scenario
- Price void / low liquidity zone beyond level
- Volatility contraction on approach
- Immediate retest
- Prolonged consolidation
- Repeated precise tests of the level
Trade active
The asset continues to be in consolidation, which is a good sign—energy is accumulating for a potential breakout.Usually, the longer and narrower the consolidation, the stronger and faster the resulting impulse is likely to be, indicating a short-term move.
Conversely, a long and wide consolidation often leads to a slower breakout and suggests a more medium-term nature for the trend.
Note
STBLUSDT.P also attempted to break the level.The first time was on high volatility, which was not worth entering. The second time was on slightly lower volatility, and it was a good entry point, even though it resulted in a loss.
Now, the asset has bounced very sharply, which indicates that someone is defending this level, and that's a good sign.
We continue to watch the battle between buyers and sellers to determine the winner and then join them.
In my opinion, the sellers will win, but time will tell.
Trading facts, not expectations.
Follow our full analysis & track record on Telegram: t.me/the_traders_house
Not financial advice. High risk. DYOR.
Follow our full analysis & track record on Telegram: t.me/the_traders_house
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
Not financial advice. High risk. DYOR.
Follow our full analysis & track record on Telegram: t.me/the_traders_house
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.