Hello Tradingviewers,
Long story short:
As we saw the bearish momentum kicking in, price has broken the bullish market structure on the 4h timeframe. (see chart below)
I'm looking for short entry's in the new formed supply zone (red in chart).
When i see a lag of bullish momentum in that zone & a shift in trend, i'll enter a short. For me that should be the confirmation to enter.
The bears should be targetting the liquidity as marked in the chart & probably the demand around ~$38.000 region.
The stoploss should be safe just above that supply zone.
Thank you for checking in!
Do you have tips or other comments? Tell me please! I'm open for feedback!
Long story short:
As we saw the bearish momentum kicking in, price has broken the bullish market structure on the 4h timeframe. (see chart below)
I'm looking for short entry's in the new formed supply zone (red in chart).
When i see a lag of bullish momentum in that zone & a shift in trend, i'll enter a short. For me that should be the confirmation to enter.
The bears should be targetting the liquidity as marked in the chart & probably the demand around ~$38.000 region.
The stoploss should be safe just above that supply zone.
Thank you for checking in!
Do you have tips or other comments? Tell me please! I'm open for feedback!