For this setup what I'm looking to take is a momentum and moneyflow reversal SHORT either at the Previous Range VAL, the PoC (Point of Control), or the bottom of the previous Channel. Depending on the opening on Tuesday after the holiday, we'll see how fast MATIC moves and note this compared to BTC/ETH to get an indication at which level we should see the stall...
I'm looking at a SHORT just above our current level at the May-June 22' VAL (Value Area Low) + Descending Trend line (light blue) intersection. As expected, we are getting some light volume price movement giving us an opportunity on Tuesday when the market opens to push price, towards the bottom of the range or the channel (dark blue). This will also be my...
Here are some details on how I develop my positions. Similar to my last post, we have moneyflow trending out, momentum trending out, and we've knocked on a local top and got rejected. This is crypto so we need to have flexibility to maneuver. Never all in on one spot. We're not looking to make our year in one trade. We take bits and pieces protecting our...
You will find in the Object Tree three items: Long Zones, Short Zones, and Trading Ranges. For the Long and Short Zones, those are areas I am waiting for price to come into prior to taking the next trade. They are derived with standard Fibonacci, volume zones, and areas of volatility. There is an alert (Horizontal Ray) for each box that is placed at an area...