Hunt the last pivot (I've shown it as a pink area)
shaped a cover-up candle (in most cases this candle causes a change in the trend)
now, what?
3 reaction areas
- in my opinion, you should be a scalper now
1-you can get a short position until the gray area
in the gray area, you can get a confirmation and then get a long position but don't be greedy and satisfied with small profits there
2- put long limit orders in both green areas, if the price retraces to the last green area you can extend your target there.
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always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
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4 scalp positions
short/sell
entry: 28072
Target 1: 27671
buy/long-1
entry: 27551
Target 1: 27832
buy/long-2
entry: 27343
Target 1: 27541
buy/long-3
entry: 26848
Target 1: 27140
Target 2: 27450
Target 3: 27990
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also, you can doesn't close your short position until the price reaches the last green area, but consider you should be patient!
#btcusdt
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Fantastic downward movement
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Such a reaction to the gray area
Trade geschlossen: Ziel wurde erreicht
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the first buy position hit the target:
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#btcusdt The first long position hit the target, the second unfortunately didn't and the last long position hit the target1 and target2, but the last target didn't reach. Furthermore please manage your positions and close 60%-80% of them on target 1,2