Moon Peak has experienced a corrective move and is now approaching the key range low. This level is critical, as a sweep of the low followed by a quick reclaim could trigger a bullish swing failure pattern (SFP) — a classic liquidity grab that often leads to a reversal.
If price reclaims the range after taking out the low, it opens up the probability of a move back towards the range high, offering a high R:R trade setup for rotational traders. The entire trading range spans roughly 180%, and the current structure suggests price action will continue oscillating between the extremes until a confirmed breakout or breakdown occurs.
This kind of environment favors mean-reversion strategies, especially around the edges of the range. Patience is key — waiting for confirmation around the range low will be essential before positioning for upside.
If price reclaims the range after taking out the low, it opens up the probability of a move back towards the range high, offering a high R:R trade setup for rotational traders. The entire trading range spans roughly 180%, and the current structure suggests price action will continue oscillating between the extremes until a confirmed breakout or breakdown occurs.
This kind of environment favors mean-reversion strategies, especially around the edges of the range. Patience is key — waiting for confirmation around the range low will be essential before positioning for upside.
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Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
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Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
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.