*Smart Money Concepts* Will tell you there's a void in priceAfter making a run on the 4 hour chart to well above current highs, and then a slight drop into the vair value gap, AND THEN ANOTHER RUN ON THE HIGHS...... I decided that that would proabably be the last high for at least the next couple of days, if not at least the next 24 hours.
So I decided once it hit above the wicked high near 242, I wanted to go short. There's liquidity just below 230 where the mid of the 4 hour FVG lies, But also the juat before the tops of the wick area to the broken highs to the left, the fair value gap median is about 227, And then a breaker around 220. The price should bounce off of that price and continue going up.
But considering we're at all time highs, the price run may take a short consolidation which is why I'm shorting the price from now until it hits discpunt array near 62 % after breakin the high. Once it hits that that 4 hour Breaker point, we should see price start to move sideways for a bit before we start to see it. strike up again.
Either way, I've Got Solana Futures on a short
SOLUSDT.P
SOLUSD
SOLUSDT.P
AND I'VE GOTSOLUSDT.3S
as well as other Sol5S and 3S until I think it's time to turn them around or hit my Take profit. LBank has the 5S Running Well. I will try to post the truth of the earnings. Whether my own site or somewhere, you can follow my accounts to see My advancements.
After It price does strike these areas It wouldn't be surprising if they flipped at the discount level shooting for tor the 168%....
But as for now, I'm focused on the Short, let's hope it continues to short. or at least give a sideways fake out, then drop as we usually see in smart money.
So I decided once it hit above the wicked high near 242, I wanted to go short. There's liquidity just below 230 where the mid of the 4 hour FVG lies, But also the juat before the tops of the wick area to the broken highs to the left, the fair value gap median is about 227, And then a breaker around 220. The price should bounce off of that price and continue going up.
But considering we're at all time highs, the price run may take a short consolidation which is why I'm shorting the price from now until it hits discpunt array near 62 % after breakin the high. Once it hits that that 4 hour Breaker point, we should see price start to move sideways for a bit before we start to see it. strike up again.
Either way, I've Got Solana Futures on a short
SOLUSDT.P SOLUSD SOLUSDT.P AND I'VE GOT
SOLUSDT.3S as well as other Sol5S and 3S until I think it's time to turn them around or hit my Take profit. LBank has the 5S Running Well. I will try to post the truth of the earnings. Whether my own site or somewhere, you can follow my accounts to see My advancements.
After It price does strike these areas It wouldn't be surprising if they flipped at the discount level shooting for tor the 168%....
But as for now, I'm focused on the Short, let's hope it continues to short. or at least give a sideways fake out, then drop as we usually see in smart money.
Trade closed: stop reached
Well I was right about the bounces up into the red zone. Fortunately I was able to Add two more positions at 247 each time as my Stop loss was 250, it was so close to the stop loss that adding positions would make my break evene move up. Now being trained in Smart Money Concepts you have to understand that holding a trade with leverage to the full Take profit amount is not the best thing to do. Why? You're not always right. Just like I wasn't here. I did note the Liquidity area and took two small profits after it broke the 3 fairly equal lows area at 9am, 2 pm and 5 pm, once it got lower than the 9 am price I took a small 25% profit, then it did it again and took another 50% profit as I wasn't sure if it was going to turn Bullish... which it did. The only bad thing was that my top loss did move. And that stop loss did get hit, but with my two take profits I ended up a over breaking even. So I actually won this trade. That's why I don't try to hold the entire amount the entire take profit target. Always have multiple targets. 
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
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.
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
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.