Sand idea 19/03/23
Idea is to Long a breakout or retest of demand zone targeting prior 3d supply zone.
Thesis is Gaming event next week so all gaming related coins should go up & altcoins have a lot to catchup to BTC.
Confluence:
1) If it can flip the supply zone that led to 26% nuke on h4
2) HTF its bullish
3) h4 bullish MS
Thesis is Gaming event next week so all gaming related coins should go up & altcoins have a lot to catchup to BTC.
Confluence:
1) If it can flip the supply zone that led to 26% nuke on h4
2) HTF its bullish
3) h4 bullish MS
Note
Idea did not work out, but the stop loss was in the right place, in fact it rejected again right off my stop loss leading to more selling.When you do something right ask how can i repeat that?
Idea was perhaps that it should not be going below that prior high to remain bullish
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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.