Hi Traders,
I'm looking at this level as a likely scenario.
Why?
Its happened x2 in the past when we made ATH.
A 12 and 14% retracement.
The liquidity is there, the incentive is there and a low like this will make people sell as to think the bull run is over.
We have our levels to trade for shorts and longs but ultimately, I think it will make its way down to here.
As per my post, this current level was a long entry and I'm in a long, however its not the response I was hoping for.
So its likely a scalp trade and hence I will be looking for a short as well.
All the best.
S.SAri
Y24, March ATH

Y21 ATH

current support, AvWap

I'm looking at this level as a likely scenario.
Why?
Its happened x2 in the past when we made ATH.
A 12 and 14% retracement.
The liquidity is there, the incentive is there and a low like this will make people sell as to think the bull run is over.
We have our levels to trade for shorts and longs but ultimately, I think it will make its way down to here.
As per my post, this current level was a long entry and I'm in a long, however its not the response I was hoping for.
So its likely a scalp trade and hence I will be looking for a short as well.
All the best.
S.SAri
Y24, March ATH
Y21 ATH
current support, AvWap
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
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.
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
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.