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$BTC After securing some profits from my Scalp Short, I’m now looking for Potential Hedge long setups from the TP2 and TP3 levels.
The second TP level sits around the Previous Weekly Low region, which can easily turn into liquidity and result in price pushing even lower towards the Monthly Open region. Hence why I think it’s a risky area to be looking for longs from.
However, the TP3 region is where the Monthly Open sits. It also lines up with the previous range high, making it a much stronger key area to observe for a potential scalp long setup and hence why it's currently the idea POI I'm observing for taking a Hedge Long against the Current Short.
{future}(BTCUSDT)
The second TP level sits around the Previous Weekly Low region, which can easily turn into liquidity and result in price pushing even lower towards the Monthly Open region. Hence why I think it’s a risky area to be looking for longs from.
However, the TP3 region is where the Monthly Open sits. It also lines up with the previous range high, making it a much stronger key area to observe for a potential scalp long setup and hence why it's currently the idea POI I'm observing for taking a Hedge Long against the Current Short.
{future}(BTCUSDT)