✨Trading Plan | Aug14 | NEARUSDT.P💥
Is the SHORT Coverage Over?
🔹 Context
- The 1.683 level has been rejected and printed a CHoCH on the 1H. Price is returning to a bearish structure. The leg up of SHORT coverage is over. And the 4H is still bearish.
- OI is declining together with price, which does not show strong SHORT building yet. It looks more like position closing/ LONG liquidation.
=> Anyway, we prefer SHORT as HTF 4H bias.
🔹 Trading Plan
🔸 SHORT as HTF
- Wait for price to retrace into 1H Supply (1.648-1.673)
- Trigger: 1H rejection with pivot high + 15m bearish MSS
- Stop loss: above 1H pivot high.
- Cancel: 1H candle strongly closes above the zone.
- TP: 1.607 (internal low), 1.592 (1H BB/4H VAL), runner to 1.536 (4H SWL)
🔸 LONG counter-trend at 1H Breaker Block
- Price continues lower into 1H BB
- Trigger: liquidity sweep + 1H pivot low + 15m bullish MSS + OI starts building up again.
- TP1: 1.639 (internal high), 1.659 (1H Supply)
#trading #futures
#Binance #ThuyBNB
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please give me a like, share, and follow.
❤️ I really appreciate it.
#NEAR $NEAR
Is the SHORT Coverage Over?
🔹 Context
- The 1.683 level has been rejected and printed a CHoCH on the 1H. Price is returning to a bearish structure. The leg up of SHORT coverage is over. And the 4H is still bearish.
- OI is declining together with price, which does not show strong SHORT building yet. It looks more like position closing/ LONG liquidation.
=> Anyway, we prefer SHORT as HTF 4H bias.
🔹 Trading Plan
🔸 SHORT as HTF
- Wait for price to retrace into 1H Supply (1.648-1.673)
- Trigger: 1H rejection with pivot high + 15m bearish MSS
- Stop loss: above 1H pivot high.
- Cancel: 1H candle strongly closes above the zone.
- TP: 1.607 (internal low), 1.592 (1H BB/4H VAL), runner to 1.536 (4H SWL)
🔸 LONG counter-trend at 1H Breaker Block
- Price continues lower into 1H BB
- Trigger: liquidity sweep + 1H pivot low + 15m bullish MSS + OI starts building up again.
- TP1: 1.639 (internal high), 1.659 (1H Supply)
#trading #futures
#Binance #ThuyBNB
👀 If you find this post useful,
please give me a like, share, and follow.
❤️ I really appreciate it.
#NEAR $NEAR