It is the optimal trade entry plan I set up to get the liquidity in 24K. If I have made a wrong approach about the optimal trend entry, please warn me.
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price is on the ote range now
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If the price exceeds 27671.80, it violates the OTE logic, the position must be stopped.
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The position is not stopped as 27671.80 is still not broken. But price movements force me to close the position psychologically.
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If we expect the price to go down quickly and take the liquidity, it is normal for it to calculate the price to manipulate here. By accumulating the price, both upside and downside positions are collected, as a result, the market maker collects more liquidity.
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Maybe the market maker will not close a candle above 27671.80. Just creates a wick. Then the liquidity gathers and the price goes down.
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I think at this point rising bottoms will form liquidity areas and then the price will go down.
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Manipulative moves are made to blow up both short sellers and long positions. I think the market maker will continue to act this way until it reaches its goal.
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No volume as it's the weekend. The price can wick up and down. "I think" will hit the position target over the next week.But I also think the price will go down quickly without accumulating.
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I think this will be the last price rise.
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I don't want to faint from boredom before the position reaches the target XD
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The price may rise to get the liquidity of the weekly opening. (%50 Area)
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Again, we came to the end of the week before the downward movement of the price started. Again no volume. I think enough liquidity has been gathered for the price to start falling on Monday next week. I'm really bored.
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Price went up clean I hope it works as a bull trap.
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If the candle body closes above 27671.80 and does not leave the area as a deviation, I will manually stop the position.
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If it goes beyond what I said, I would like to take a short position from 28600's again.
Trade closed: stop reached:
stopped on 27843 candle close
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In fact, looking at the volume from the daily chart, it seems to be very low. Maybe this really could be a bull trap.
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I guess I kept the price target a bit far from the beginning. If you play the chart all the way to the end, you'll see that the price accumulates within the area. If you look at the last movement, it made a deviation movement above the field. Now, I think that it will probably make a decrease to the 25200 point, which is the untested high in the lower part of the area, then make a deviation there, as it did above, and head into the area again, then collect liquidity in the area. After entering the field and collecting the necessary liquidity, I think it will drop to the price I was targeting for from the beginning.
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