Main Scenario
After liquidity is taken out above the previous day's high, I anticipate a short-term retracement of the asset to the Point of Interest (POI) around 30.04. This will be the key zone for opening a long position.
Trade Parameters
Entry Point: 30.04
Position Size: 5% of the deposit
Stop-Loss: 29.59
Targets:
First Target: 30.43 — once reached, the trade will be moved to breakeven.
Second Target: 30.81 — 50% of the position will be closed here.
Final Target: 31.10 — this level is based on the imbalance zone.
Rationale
Liquidity Grab:
A false breakout above the previous day's high is expected, leading to a short-term correction.
Buyer Interest:
The 30.04 level represents a key demand zone where bullish momentum is likely to strengthen.
Imbalance Zone:
The 31.10 level is the ultimate target as it acts as an area of imbalance where larger participants are likely to take profits.
Position Management
Once the 30.43 level is reached, the trade will be moved to breakeven to minimize risks.
At 30.81, 50% of the position volume will be secured to lock in profits and reduce overall exposure.
After liquidity is taken out above the previous day's high, I anticipate a short-term retracement of the asset to the Point of Interest (POI) around 30.04. This will be the key zone for opening a long position.
Trade Parameters
Entry Point: 30.04
Position Size: 5% of the deposit
Stop-Loss: 29.59
Targets:
First Target: 30.43 — once reached, the trade will be moved to breakeven.
Second Target: 30.81 — 50% of the position will be closed here.
Final Target: 31.10 — this level is based on the imbalance zone.
Rationale
Liquidity Grab:
A false breakout above the previous day's high is expected, leading to a short-term correction.
Buyer Interest:
The 30.04 level represents a key demand zone where bullish momentum is likely to strengthen.
Imbalance Zone:
The 31.10 level is the ultimate target as it acts as an area of imbalance where larger participants are likely to take profits.
Position Management
Once the 30.43 level is reached, the trade will be moved to breakeven to minimize risks.
At 30.81, 50% of the position volume will be secured to lock in profits and reduce overall exposure.
Trade closed: target reached
All targets are reached !
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.
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.