I'm waiting for a breakdown first before an upward move cause it made a trendline liquidity below and the market has been respecting this support since 081122
Why I'm trading this?
1. TLSBD - Trendline support since July 27, 2022 was broken
2. Bearish divergence was formed on 1H TF
3. Choch + Flip of the trend, waiting for a possible reversal (short term)
Why am I taking this trade?
1. Bullish at HTFs and also TRBO on Daily chart
2. Reacted successfully at the 5m Order Block and made an impulsive move that caused a Change of Character at 15m TF
3. There is a possible liquidity grab
4. Potential calming of the RSI currently at 50 level at 1H TF
ALICEUSDT Analysis because of the trendline breakdown recently and bounced to the 2 dollar area and made a break of structure and after the pump, the market made an imbalance that can cause the market to go down lower and fill those fvgs