Short
VANRYUSDT.P: short setup from support at 0.005460
SETUP CONTEXT:
$BINANCE:VANRYUSDT.P is globally in a downtrend. Recently, the asset tried to push higher, but the momentum failed, and we are moving down again. Right now, the price has hit the support level at 0.005460, where we've been consolidating for the third day—this is the logical pause of the decline.
An additional short signal comes from yesterday's daily candle: there was an attempt to grow, but almost half of the upward move was aggressively sold off. Today, we are pressing against the support level again, indicating a high probability for a short trade.
LEVEL PROFILE:
Name: Halt of the drop
Price: 0.005460
Timeframe: D1
WHAT I WANT TO SEE:
OBSERVED RISKS:
Do you see this setup differently? Let me know your thoughts in the comments.
If this logic aligns with your trading plan, support the idea with a boost!
Disclaimer: This publication is part of my public trading journal. The material is strictly for educational purposes, reflects my market perspective, and is not financial advice. Trading facts, not expectations.
$BINANCE:VANRYUSDT.P is globally in a downtrend. Recently, the asset tried to push higher, but the momentum failed, and we are moving down again. Right now, the price has hit the support level at 0.005460, where we've been consolidating for the third day—this is the logical pause of the decline.
An additional short signal comes from yesterday's daily candle: there was an attempt to grow, but almost half of the upward move was aggressively sold off. Today, we are pressing against the support level again, indicating a high probability for a short trade.
LEVEL PROFILE:
Name: Halt of the drop
Price: 0.005460
Timeframe: D1
WHAT I WANT TO SEE:
- trend alignment
- volatility contraction on approach
- close retest
OBSERVED RISKS:
- lack of accumulation (no base)
Do you see this setup differently? Let me know your thoughts in the comments.
If this logic aligns with your trading plan, support the idea with a boost!
Disclaimer: This publication is part of my public trading journal. The material is strictly for educational purposes, reflects my market perspective, and is not financial advice. Trading facts, not expectations.
Trade active
Trade closed: stop reached
Trading Journal: t.me/The_Traders_House
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 Journal: t.me/The_Traders_House
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.