BELUSDT.P https://www.tradingview.com/x/l3bjmtjK/
It can be a great long trade on a short market.🔥
Explanation:
1. The instrument is looking stronger than the rest of the market.
2. The level is 0.9379 and it is clean and clear. There were no false breakouts, the level stays untouchable.
3. Above the level we have a clean zone. The zone is not contaminated by limit orders and lots of trades.
4. We are accumulating near the level.
5. The ATR is around 14%, if we go to the level we'll pass the 50% of the ATR, that's enough to make the trade.
✌️Please pay attention that:
- To enter the long the instrument should come to the level calm and slow, no fast drive.
- Now all the market is that the price can't breakout the level from the first attempt (in rear cases it can ofc). It means that it can be a false breakout and then the true breakout.
Good luck🍀!
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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.
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.