Seeing a huge LTF bullish Div below VAL of local range. Worth the shot of taking the trade. Not enough other confluence. So half position size.
Intraday trade with the potential to expand. We saw an accumulation structure. It seems that after a double bottom, the least way of resistance is now up. We saw price jumping the creek on LTF volume no, we have to wait if we enter a trend upwards or retrace back to the range. We have to be careful as more downside PA is possible. I'll TP1 early and also close...
Probably more drawdown. Started with a small position and will ladder in down to the channel bottom. Soft SL at the moment. I will monitor and close out earlier in case of no reaction.
Deep retracements preparing BTC for a potential deep crab that might fit the narrative of a relief rally for the coming weeks.
We saw the 0.886 come to play often in recent weeks. In case of this deeper retrace coming into play, ready for a long from local POC.