$BTC has formed 2x 4H FVGs after the strong move up.
🟧 Wait for price to retrace into either 4H FVG → No chasing the pump. 🔎 Once price enters the zone, drop to a lower timeframe → Watch the reaction and wait for bullish structure to form again. 📈 Only consider a trade after confirmation → For example, a higher low followed by a break of the short-term bearish structure. 🛑 No confirmation = stay out → If the first FVG gives no setup, wait for the second one. TL;DR: 4H FVG → Retrace → Lower-TF structure confirmation → Then consider the trade. No confirmation = no entry.
Personal opinions only. Not financial advice. Trade at your own risk. DYOR.
The price is currently breaking out in continuation of the bullish structure, let's wait for a pullback to the imbalance zone (highlighted in orange) and look for a bullish reversal confirmation on a lower timeframe to identify a trading opportunity.
Personal opinions only. Not financial advice. Trade at your own risk. DYOR.