Since we are trading back in the middle of the value we're carving out here, it is not the best place to be opening positions for me.
Green: sitting right below a big imbalance and supply zone. Look for ltf momentum to long into this zone. There is also the rejection play if we take the bad highs around 88.8k. Successful longs opened here can hold a runner for that sweep.
Orange: local rejection here would mean we will out the one-sided move we had the last few days. Consolidation can lead to again 86k or 88k.
Lose Friday lows and I would look for another stab into the demand zone, maybe sweep the bad lows and reclaim, would be a perfect long.
Hard to tell which we get since everything is so headline sensitive these days. In these scenarios I carve out probable paths and take it level to level.
Green: sitting right below a big imbalance and supply zone. Look for ltf momentum to long into this zone. There is also the rejection play if we take the bad highs around 88.8k. Successful longs opened here can hold a runner for that sweep.
Orange: local rejection here would mean we will out the one-sided move we had the last few days. Consolidation can lead to again 86k or 88k.
Lose Friday lows and I would look for another stab into the demand zone, maybe sweep the bad lows and reclaim, would be a perfect long.
Hard to tell which we get since everything is so headline sensitive these days. In these scenarios I carve out probable paths and take it level to level.
Tealstreet.io Trade Faster & Trade Easier
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
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.
Tealstreet.io Trade Faster & Trade Easier
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
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.