I am waiting for this retail traders trend line to be outtaken and then when GOLD grabs the liquidity I go long, I check entries in the 5 min timeframe and even 1 min, wait for the structure to be broken.
Have a REALLY tight stop-loss doe GOLD is behaving very volatile right now. I am not a financial advisor and don't have any education at all. letsgo!
CHR is a fantastic NFT ecosystem that has had some dealing with the united states airforce in the past - makes you wonder why it hasn't taken flight yet.
Well it looks like we're about to leg up hard - breakout has already happened, retrace has already happened, and gratuitous spending is about to happen when it comes to the BPT subscriber base.
I choose to go short for two reasons, first reason is the IPO always hype and ends falling to its correct levels.
Reason 2 is smart money is involved and they see this as an oppertunitie to make smart money simple as that.
this is a very risky trade and I dont have any education at all. Lets go!
I have used the volume profile and can see a lot of orders from the banks being filled at the OB-lvl. I wait for price to hit the OB to find a good bullish setup and aims for a longer trade and look for last high as profit target.
There is some liquidity to be grabbed before aiming higher and some bullish banks that will protect their Stoploss. Good luck traders!
This time I have annotated the chart with my prediction highlighting the regions I will be paying attention to before checking lower timeframes for confluences in the chart confirming my theory and placing a trade.
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