VRA - Short Term ideas
VRA is is a traders dream, the massive volatility and volume really make it a gem to work both long or short for me.
As always I am unbiased but I'm eyeing two potential scenarios over the next few months.
The levels have been clear, and the volatility and volume really makes you need to watch for liquidation spikes as this is heavily leveraged on centralised exchanges.
The grey box is a liquidity area of interest I marked out, it has been raided by the two double top wicks creating a range high then rejected. I see price ranging between the blue lines.
Price always follows liquidity, my key liquidity areas above are .0055 to .0065 and below .0045 to .004
Watching these levels, you have clean entry, clear invalidation and stop placement.
Follow the break of range and see how it reacts at or around these levels.
As always I am unbiased but I'm eyeing two potential scenarios over the next few months.
The levels have been clear, and the volatility and volume really makes you need to watch for liquidation spikes as this is heavily leveraged on centralised exchanges.
The grey box is a liquidity area of interest I marked out, it has been raided by the two double top wicks creating a range high then rejected. I see price ranging between the blue lines.
Price always follows liquidity, my key liquidity areas above are .0055 to .0065 and below .0045 to .004
Watching these levels, you have clean entry, clear invalidation and stop placement.
Follow the break of range and see how it reacts at or around these levels.
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