BTC/USDT Pullback scalpð
āļāļĩāđāļāļąāļāđāļāļ:
BTC/USDT
Type: Scalp short
Strategy: Breakout + retest
R/R: 3.82
Preconditions: Ascending wedge pattern, normally a bearish pattern that breaks to the downside. Price has broken down the ascending trend after doing 3 bull traps, good sign for potential short as institutional traders could be collecting liquidity building a bigger position to then move the price on their direction. Price is on retest area still so it is possible to enter however the ratio will be lower so use smaller volume if you want to enter this trade.
Comment below your thoughts and questions! Give us a boost and share with your friends if you find our analysis useful, that would be of great support!
Type: Scalp short
Strategy: Breakout + retest
R/R: 3.82
Preconditions: Ascending wedge pattern, normally a bearish pattern that breaks to the downside. Price has broken down the ascending trend after doing 3 bull traps, good sign for potential short as institutional traders could be collecting liquidity building a bigger position to then move the price on their direction. Price is on retest area still so it is possible to enter however the ratio will be lower so use smaller volume if you want to enter this trade.
Comment below your thoughts and questions! Give us a boost and share with your friends if you find our analysis useful, that would be of great support!
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Price has done an additional liquidity hunt and came back under the resistance, I am considering re opening a trade. My risk was under control and I will be looking for other set ups, losses are part of the game.
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