sorry for the messy chart, I was in a hurry.
This idea is only valid if we fall below the red line. stop is 1 hr close
we might be in a small accumulation and near a early spring. if the price falls below, we might see a wild spring area bouncing in the green area below. So this means, we have a local dip, and might go up to the same entry as this...
So this is still a experimental, but has a high winning rate. (except a genius smoker changed his bio to btc and tweet about doge :) )
First of all, not a financial advice and make your own decision.
Only you are responsible of your wins and losses.
Price made a lower low, and and now bearishly retesting a pullback level.
I put my asks to red box, and keep...
This is a level we expect some up move. it can be bearish retrace, or a complete reversal in this timeframe and a bearish retest of a higher timeframe.
Anyway, its worth to try some bids. (levels on the rightwith red)
So the red line is a daily level, which we need to go back today if we wish to hold a bullish bias on HTF.
stop is 2hr close below the level.
This is a swing trade, and can take a few days. So considering funding costs, I'll take a future position instead of perp-swap.
Price broke a key level, and now we're waiting for a retest of that level.
After that we should possibly see another resistance on FTA (First Trouble Area).
So my plan is hedging on that resistance, and if it breaks that level, we can...