STRAX │ SHORT │ 20.10.2023

BINANCE:STRAXUSDT.P

The coin fell below the IPO price after a temporary rise, which is a bad sign for the coin. The instrument is held just above the level, and my expectations are for a "base breakout" - a significant drop in the instrument.

Signals for level breakout

• bar/candles closure near the level;
  
• bar/candles closure near its high/low;
  
• close retest of the level;
  
• accumulation of energy for level breakout;
  
• a good approach to the level;
  
• consolidation near the level;
  
• decrease in trading volumes before the level;
  
• a clear zone beyond the level;
  
• there is no reaction to a strong instrument movement;
  
• no response to a false level breakout;
  
• there is a reserve of calculated ATR;
  
• there is a reserve of technical ATR;
  

Trade Parameters

1. Open: 0.5979813;
   
2. Stop loss: 0.6130750;
   
3. Take profit:
   
   • 0.5527000;
     
   • 0.5376063;
     
   • 0.5225125;
     
   
   Disclaimer
   Every trader should make their trading decisions based on their own analysis and circumstances. The signals in this channel should be considered as an additional tool for your own consideration.
   
   Follow me and receive high-quality cryptocurrency market analysis!

Comment:

I continue to wait.

Comment:

I continue to wait.

Order cancelled