BTC setup
Updated
The price made a liquidity grab from above, now we have a reaction from supply zone 1 after which the downward structure was confirmed again.
Globally, the trend remains downward, such a setup is relevant in this trend.
Entry 40472
Stop 42926
Take 35782
Entry logic:
The limit has been thrown on the supply zone, which is now the first significant resistance.
Stop logic:
The stop is set behind the trend high, if the price decides to remove it, then there will already be a possible change in the trend and the context of the market will also change.
Take logic:
The goal is to continue the downward movement and reach imbalance, many traders expect to open a position from the bottom line, but now it is nothing more than a manipulation tool.
Globally, the trend remains downward, such a setup is relevant in this trend.
Entry 40472
Stop 42926
Take 35782
Entry logic:
The limit has been thrown on the supply zone, which is now the first significant resistance.
Stop logic:
The stop is set behind the trend high, if the price decides to remove it, then there will already be a possible change in the trend and the context of the market will also change.
Take logic:
The goal is to continue the downward movement and reach imbalance, many traders expect to open a position from the bottom line, but now it is nothing more than a manipulation tool.
Comment
I already have an open position, and limit still stay
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