BNB/USDT 10min Redistribution &1D Distribution Short Idea
Wyckoff method:
Backgrounds:
PSY (Preliminary Supply).
BC (Buying Climax). 10min $732 & 1D $792
ARn (Automatic Reaction).
ST (Secondary Test(s)).
Ice (Secondary support).
SOW (Sign of Weakness). 10min $658 & 1D $500
Now:
LPSY (Last Point of Supply). A pullback to resistance that was support on failing spread and volume after signs of weakness. 10min $663
Future:
The phase in which supply exceeds demands is a downtrend.
Stop limit. $680
Limit order. $650
Target. $550
Backgrounds:
PSY (Preliminary Supply).
BC (Buying Climax). 10min $732 & 1D $792
ARn (Automatic Reaction).
ST (Secondary Test(s)).
Ice (Secondary support).
SOW (Sign of Weakness). 10min $658 & 1D $500
Now:
LPSY (Last Point of Supply). A pullback to resistance that was support on failing spread and volume after signs of weakness. 10min $663
Future:
The phase in which supply exceeds demands is a downtrend.
Stop limit. $680
Limit order. $650
Target. $550
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.
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.