Playbook Entry - Wedging into lines
Similar to the post this am, this is another of my preferred setups.
The price is wedging into a visible resistance area. These will nearly 100% reverse at the point of price agreement.
I have multiple examples from today of this setup - this one is on a higher timeframe on DYDX.
Just spot the line, look for price agreement at a target on the line.
These are very reliable.
This played a 5% move @ 20x = 100% ROI so far.
The price is wedging into a visible resistance area. These will nearly 100% reverse at the point of price agreement.
I have multiple examples from today of this setup - this one is on a higher timeframe on DYDX.
Just spot the line, look for price agreement at a target on the line.
These are very reliable.
This played a 5% move @ 20x = 100% ROI so far.
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