BLUR/TetherLong
#analysis 104 - Sweeping with Exiting on Supply
While preparing the weekly report for the DATraderAssociation at their platform DA Studio , I noticed a distinctive pattern developing in the lower range of the chart. Accompanied by decreasing trade volume, I made a strategic decision to invest in BBLUR via left-hand trading.
Fortuitously, following a brief period of market consolidation, the price of BBLUR began to rise. To secure a satisfactory profit margin, I reduced my position when the asset reached the supply zone. Subsequently, the price failed to achieve another peak, leading me to close out the remainder of my position.
Fortuitously, following a brief period of market consolidation, the price of BBLUR began to rise. To secure a satisfactory profit margin, I reduced my position when the asset reached the supply zone. Subsequently, the price failed to achieve another peak, leading me to close out the remainder of my position.
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