$BTR
Solid read on the previous high. But the risk is assuming $0.17 will automatically hold, after a vertical move, liquidity can sweep $0.19 first before the real retracement. I’d watch the rejection structure around $0.19 closely; that could give a cleaner R:R than blindly catching $0.17. This liquidity-sweep setup is central to my trading framework.
Start assembling your SHORTS, doing averaging, in batches of 20% to 30% you go back—pulling out 50% profits—until you catch the drop (if it doesn’t catch you first).
Solid read on the previous high. But the risk is assuming $0.17 will automatically hold, after a vertical move, liquidity can sweep $0.19 first before the real retracement. I’d watch the rejection structure around $0.19 closely; that could give a cleaner R:R than blindly catching $0.17. This liquidity-sweep setup is central to my trading framework.
Start assembling your SHORTS, doing averaging, in batches of 20% to 30% you go back—pulling out 50% profits—until you catch the drop (if it doesn’t catch you first).