After reaching the 4-hour order block (OB), the price bounced up in line with the drawn path. Now, I am waiting for a confirmation closing above the 15-minute OB to go long, with a target set at the 1-hour OB. After that, I will be looking for a short position. I will update the chart. The previous analysis on this token can be found in the link below.
I only publish my own ideas when considering entering a position. I strive to predict future market movements, exploring various probable scenarios. In each scenario, I define approximate entry prices, profit levels, and stop-loss points. It would be delightful if you could express your opinion about this analysis.
Step by Step I am looking for these paths to open order after getting confirmation Entry Price, TP and SL is shown on the chart
In my book, drawn paths are more likely to occur. In the 1-hour chart, the market is in a downtrend. I'm waiting for a downward movement on the 15-minute chart to initiate a short position with a take profit at the 4-hour order block. Additionally, a long order above the 4-hour and 15-minute order blocks could be placed, but in my opinion, it is riskier. I will...
Waiting for OB Pending Order is acceptable, Entry price, SL , TP1 and TP2 is shown on the chart
1H according the strategy, pending order inside OB is acceptable with Entry price, SL and tp drawn on the chart
1H waiting for pullback to OB pending order could be set for long according to long position drawn on the chart
Waiting for pullback to OB based on the good conditions in the chart, pending order could be set Entry, TP and SL is on the chart
After massive rejection from POI up to Fib 61.8 waiting for the blue channel breaks down based on of 5m. then wait for pullback to demand zone and go short
price is ranging n rising blue channel if recent high breaks validly, new high will be established so we are waiting for pullback to OB but based current situation : price will pullback to MA100 then i will go long
after a massive up movement, waiting for reaching to POI level for long up to 15m OB as target if breaks down, on 1H OB wait for long . but because of upmovement structure, confirmation is required.
CHRUSDT.P 1H: wait for OB going up from first OB is more probable. if not, wait for second OB both OB needs confirmation