That’s how a technical structure plays!
For $LSK 0.95$ we have got the breakdown all the way to 0.70$ we have been watching this range since yesterday. We identified that we were in a symmetrical triangle, and a breakout or breakdown of this range was going to confirm whether we would get a high sweep or a low sweep.
And it did exactly that,it took the lower-range liquidity as fast as it could!
What’s the next target now? The higher-side liquidity, as we have broken through this descending trendline. Stay sharp for the next update , we’re going to take it!
And for $HYPE , yesterday we closed at $78.72. After the market opened, we got a sharp bearish move followed by a correction that reached the target.
So, taking the exit at that time was the right decision considering the market volatility. I expected price to tap at least $79.5 before the market opened, but it didn’t. That’s why I called for an exit.
That is risk management.
When we know something isn’t right, we have to make the right decision and manage the risk accordingly.
For $LSK 0.95$ we have got the breakdown all the way to 0.70$ we have been watching this range since yesterday. We identified that we were in a symmetrical triangle, and a breakout or breakdown of this range was going to confirm whether we would get a high sweep or a low sweep.
And it did exactly that,it took the lower-range liquidity as fast as it could!
What’s the next target now? The higher-side liquidity, as we have broken through this descending trendline. Stay sharp for the next update , we’re going to take it!
And for $HYPE , yesterday we closed at $78.72. After the market opened, we got a sharp bearish move followed by a correction that reached the target.
So, taking the exit at that time was the right decision considering the market volatility. I expected price to tap at least $79.5 before the market opened, but it didn’t. That’s why I called for an exit.
That is risk management.
When we know something isn’t right, we have to make the right decision and manage the risk accordingly.
