ACHUSDT Long Scalp
- Price creates an imbalance to the downside
- Price creates sell-side liquidity (SSL), then clears this
- Price retraces and clears the highs of the prior sell-side liquidity, creating a Change of Character (CHoCH)
- After creating a change of character, price creates internal liquidity ($) on its way down
- Once price comes down and clears the internal liquidity, price then mitigates the 1H demand zone
- Price wicks below demand in the breaker block, then creates a confirmation candle for upside potential
- Once this candle closes, we enter for longs with a stop loss below the wick low of the bearish imbalance
- Tp1 is set to a LTF resistance with Tp2 set to the 1H supply, just above external liquidity
- Price creates sell-side liquidity (SSL), then clears this
- Price retraces and clears the highs of the prior sell-side liquidity, creating a Change of Character (CHoCH)
- After creating a change of character, price creates internal liquidity ($) on its way down
- Once price comes down and clears the internal liquidity, price then mitigates the 1H demand zone
- Price wicks below demand in the breaker block, then creates a confirmation candle for upside potential
- Once this candle closes, we enter for longs with a stop loss below the wick low of the bearish imbalance
- Tp1 is set to a LTF resistance with Tp2 set to the 1H supply, just above external liquidity
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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.