I want to keep things simple for today on $BYBIT:BTCUSDT.P. I'm looking at 2 trades. 1 long trade and 1 short trade.
Long trade setup
SFP of the weekly and the liquidity there. TP1, local GP of the move + VAH. SL at the wick low.
Short trade setup
On the up side, we have a daily naked POC that acted as resistance yesterday (short front-run). That is also the 0.71 retracement of the recent move down from 27.7k. We also have some possible liquidty over on a previous high. I'm looking for an SFP of those levels to enter a short. TP1 at the VWAP and TP2 and the VAH + GP from 26.8k to the high. SL at the wick high.
Happy trading.
Long trade setup
SFP of the weekly and the liquidity there. TP1, local GP of the move + VAH. SL at the wick low.
Short trade setup
On the up side, we have a daily naked POC that acted as resistance yesterday (short front-run). That is also the 0.71 retracement of the recent move down from 27.7k. We also have some possible liquidty over on a previous high. I'm looking for an SFP of those levels to enter a short. TP1 at the VWAP and TP2 and the VAH + GP from 26.8k to the high. SL at the wick high.
Happy trading.