A very sharp decline in the 
IPUSDT.P was stopped at the 8.414 level.
Usually, the natural reaction to such a drop is a correction, but we are not observing one here.
It is precisely this lack of a correction that is drawing my attention.
On the downside (for a short scenario), there is a consolidation zone that formed from Aug 30th to Sept 7th, which is a heavy area that could be difficult to break through.
Additionally, the asset has already covered a significant distance today, and there might simply not be enough energy left for a breakout.
Therefore, I will be watching very closely how exactly the price approaches this level.
Key factors for this scenario
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IPUSDT.P was stopped at the 8.414 level.Usually, the natural reaction to such a drop is a correction, but we are not observing one here.
It is precisely this lack of a correction that is drawing my attention.
On the downside (for a short scenario), there is a consolidation zone that formed from Aug 30th to Sept 7th, which is a heavy area that could be difficult to break through.
Additionally, the asset has already covered a significant distance today, and there might simply not be enough energy left for a breakout.
Therefore, I will be watching very closely how exactly the price approaches this level.
Key factors for this scenario
- Correlation with the market
- Volatility contraction on approach
- Momentum stall at the level
- No reaction after a false break
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Trade attivo
Nota
Trade Setup:Entry: 8.342
Stop-Loss (SL): 8.471
The idea is valid as long as the price has not hit the stop-loss level.
Nota
Okay, you need to keep your finger on the pulse here. The asset could go for a breakout of the level now, as the price is right near it, or it could pull back and consolidate for a few more hours.So, I am watching closely.
Publishing entry and exit points in this format is inconvenient, so I'm stopping that.
Trade chiuso: obiettivo raggiunto
Nota
The scenario played out well.
Trading facts, not expectations.
Follow our full analysis & track record on Telegram: t.me/the_traders_house
Not financial advice. High risk. DYOR.
Follow our full analysis & track record on Telegram: t.me/the_traders_house
Not financial advice. High risk. DYOR.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Trading facts, not expectations.
Follow our full analysis & track record on Telegram: t.me/the_traders_house
Not financial advice. High risk. DYOR.
Follow our full analysis & track record on Telegram: t.me/the_traders_house
Not financial advice. High risk. DYOR.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.