I traded the news +2R setup
$BTC
$BTC
Посты
TraderLeumas
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quick $BTC profile update.
From the open, the market has been playing out the way I expected. It opened around the previous day’s value area low and has so far formed a low confidence day.
The current profile looks truncated, with a very mechanical high, which points to a weak high, and a poor low, which is typical of a truncated profile.
Price has been moving sideways since the open, and the POC area is still too wide. If the market breaks out in either direction, I expect price to revisit the POC area. Even if we do get a breakout, I’m not expecting a wide range to develop on either side.
I've already closed my short position. I entered around 76.2k and closed at 75.6k. still not done for the day yet.
From the open, the market has been playing out the way I expected. It opened around the previous day’s value area low and has so far formed a low confidence day.
The current profile looks truncated, with a very mechanical high, which points to a weak high, and a poor low, which is typical of a truncated profile.
Price has been moving sideways since the open, and the POC area is still too wide. If the market breaks out in either direction, I expect price to revisit the POC area. Even if we do get a breakout, I’m not expecting a wide range to develop on either side.
I've already closed my short position. I entered around 76.2k and closed at 75.6k. still not done for the day yet.
Отказ от ответственности. Содержит мнения третьих сторон. Не является рекомендацией. Binance AI не предоставляет гарантий. См. Правила и условия.