SOLUSDT & BTCUSDT Price Action and Short Setup on Saturday!
Updated
I never thought that this would happen on Saturday.
Now the components of my setup are being formed.
- Monday High is hit.
- Low week (Thu`s Low) has been Marked.
- The price has not reached the "High" of the previous week.
- Our price range has been determined and we have also drawn a 50% line.
- The price fell sharply in NY session.
- But Bitcoin did not fall sharply.
Result:
I'm waiting to see if the price hits the FVG after reaching the 50% fibo and pullback (upwards) and then starts its downward movement again.
Now the components of my setup are being formed.
- Monday High is hit.
- Low week (Thu`s Low) has been Marked.
- The price has not reached the "High" of the previous week.
- Our price range has been determined and we have also drawn a 50% line.
- The price fell sharply in NY session.
- But Bitcoin did not fall sharply.
Result:
I'm waiting to see if the price hits the FVG after reaching the 50% fibo and pullback (upwards) and then starts its downward movement again.
Note
I forgot to say and mentioned.Which is FVG we have to look for?
The FVG must be Below Weekly opening and Below Monday`s High.
In other words, The Entry of short must be below Weekly opening !
Happy Trade!
Note
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