Noticed these fractals on 2D correlating with higher price action, incoming. High leverage / scalp trades are getting eaten alive to fuel the liquidity for the next pump. One may be more successful, and less stressed, if a position for a long is chosen at a local bottom using low or no leverage. Avoid moving your stops up with price if you can afford it. Lots of stop hunting going on as well to fuel this liquidity. I would use non conventional time frames to find that bottom because the Market Maker algos will broadcast the 'fake move' on common TFs (15m, 1H, 1D). Its all a head game, yo.
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.