Given the bearish CH in lower timeframes and the formation of a supply zone, a downward move is expected.
There is a liquidity pool and an order block at the bottom of the chart, and candles are expected to move downward toward this area soon.
The closure of a 4-hour candle above the invalidation level will invalidate this setup.
Do not enter the position without capital management and stop setting
Comment if you have any questions
thank you
There is a liquidity pool and an order block at the bottom of the chart, and candles are expected to move downward toward this area soon.
The closure of a 4-hour candle above the invalidation level will invalidate this setup.
Do not enter the position without capital management and stop setting
Comment if you have any questions
thank you
Trade active
It hunted the zone slightly but didn’t have a candle close above the invalidation level.
It got rejected 25% to the downside.
Given that the zone was hunted and this is a shitcoin, it's better to avoid looking for sell/short positions on this shitcoin after this rejection!
Trade closed: target reached
Ultimately, without a multi-timeframe candle closing above the invalidation level, it dropped more than 39% and hit the target
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🔥 See hot signals and top analyzes on our free Telegram channel: 👉 t.me/iMoney_T
🔥 Profitable signals are only posted on our free Telegram channel: 👉 t.me/iMoney_T
🔥 Profitable signals are only posted on our free Telegram channel: 👉 t.me/iMoney_T
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.