✨ BTCUSDT.P: Supply Is Holding 💥 | Trading Plan - Aug24
🔹 Context
Neutral to bullish, but don't chase LONG here.
- 4H: Structure remains bullish
- 1H: Price is consolidating below 1H Supply after printing 1H Bearish CHoCH.
- OI: OI is totally reset from the last pump. Currently slight increase as price consolidation.
- Liquidity: above are 78.83K, 79.55K; below are 75.59K, 74.34K
🔹 Trading Plans
🔸 Long Plan — Preferred
- Setup: Pullback to 1H OB (74.34K-75.17K)
- Trigger: Sweep + bullish reaction + 15M bullish MSS
- Entry: Retest after MSS
- SL: Below the sweep / 74.34K
- Target: 78.06K (PDH), 78.83K (1H Supply), 79.55K (1H SWH)
- Cancel: 1H strongly closes below 1H OB
🔸 Short Plan — Counter-trend
- Setup: Sweep into 1H Supply (78.18K-78.83K)
- Trigger: Rejection + 15M bearish MSS
- Entry: Retest after MSS
- SL: Above the sweep high
- Target: 75.58K (1H SWL), 74.34K (1H OB)
- Cancel: Break + hold above 1H Supply 78.83K
#BTC $BTC
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