BTCUSDT
This is quite a risky scalp session since there is uncollected liquidity in the form of the previous day's high on the daily time frame, and we're currently in an accumulation phase on the 8-hour chart, where it's generally not advisable to open trades. But hey, no risk, no reward! 😄
The reason behind opening this trade is that the Asian session swing high has been absorbed, and now its low remains. Additionally, on the 8-hour chart, the price has reached an imbalance, as I’ve mentioned in a previous idea in my profile.
Getting to the point: on the minute time frame, there has been a local structure break, and on the 15-minute chart, a potential order block has formed, from which we will open a short position. I'll allocate 1% of my deposit to this trade with a 5% margin, which helps me mitigate potential losses—something I recommend to you as well. It's important to note that this idea is just a recommendation.
The reason behind opening this trade is that the Asian session swing high has been absorbed, and now its low remains. Additionally, on the 8-hour chart, the price has reached an imbalance, as I’ve mentioned in a previous idea in my profile.
Getting to the point: on the minute time frame, there has been a local structure break, and on the 15-minute chart, a potential order block has formed, from which we will open a short position. I'll allocate 1% of my deposit to this trade with a 5% margin, which helps me mitigate potential losses—something I recommend to you as well. It's important to note that this idea is just a recommendation.
Trade active
"The order block was triggered on the 1-minute timeframe.
Trade closed: target reached
"Scalp session took 10 minutes, take profit was reached." ✍️
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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.