VARAUSD Up about 23% from the squeeze I called near the bottom of the range and hit my TP1 target already. This is an automatic short entry I do so I can swing in on any pullback, remember this asset is still range bound. Trade the range, top, middle, bottom. I would not margin short here ever.
VARAUSD VARA is in the beginning stages of a tight bullish squeeze. it is visible from all lower time frames up to about the 2 hour. Hopefully this squeeze lengthens because the longer that an asset has a flat price point the better the breakout will be. This is because traders need to decide if they are bullish or bearish and at this price point not many investors are bearish. That is why a breakout to the upside is more likely, from 80-90% potential bullish outcome.
VARAUSD These low market cap coins always have very ugly chart patterns and structures are almost blurry when compared to correlated assets. Confluence still exists and I remain bullish as long as this range holds. Trade the range until it breaks. VARA is at the bottom of the range and thus a long entry is logical. I never short the bottom of a range nor do I long the top of the range, even when I re enter earlier than target. The stop loss alert deals with breakage of the range not the position, that is the key. My long targets are way up there and just fyi they are outside of the range because what am I going to do with 25 or 30 percent profit. That is not life changing money. Plus I don't need any pocket change $5000 trade.
VARAUSD An 80/20 candle is established when on a red candle, 80% or more of the candle is a wick, or on a green candle, 20% or more of the candle is the candlestick. These are indicators that a large order wall exists beyond the candle.
VARAUSD Broke through $0.022 easily.