Some thoughts on the #altcoin $LUNA:
When discussing during the livestream, from a HTF, I'm waiting on a break in market structure to the up or downside.
From a micro timeframe structure though, it's game on until the HTF plays out.
When discussing during the livestream, from a HTF, I'm waiting on a break in market structure to the up or downside.
From a micro timeframe structure though, it's game on until the HTF plays out.
We talked about the current key area where we could have cleared some liquidity out.
The grey box below represents this, with the 2 plays I'm looking for.
1. A MSB occurs to the upside, where we'd look for a retracement
2. Price runs the low, & we look for lower moves
The grey box below represents this, with the 2 plays I'm looking for.
1. A MSB occurs to the upside, where we'd look for a retracement
2. Price runs the low, & we look for lower moves
While price is in no man's land for this trade, it's time to delve into the micro time frames to see the state of play
You can see here that there are several MSB's, with a potential run of some liquidity at the 0.702 level of confluence
You can see here that there are several MSB's, with a potential run of some liquidity at the 0.702 level of confluence
If we lose the most recent swing lows, the sentiment in my opinion is for price to run lower.
The reason for this is that there is a Naked Point of Control at the same level of some potential sellside liquidity that is no doubt sitting below current price (stop losses)
The reason for this is that there is a Naked Point of Control at the same level of some potential sellside liquidity that is no doubt sitting below current price (stop losses)
The aim of the game is to trade it as you see it until your high time frame trades can play out.
Price is fractal in nature after all, so whatever you can expect on the HTF for your plan, you can also probably find something similar on the micro.
Just have a go
🤝🍻
Price is fractal in nature after all, so whatever you can expect on the HTF for your plan, you can also probably find something similar on the micro.
Just have a go
🤝🍻
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