KAVAUSDT.P Strong Rejection + Butterfly (Short) 5/21/2023
- complete bearish butterfly (2.618 max)
- shadow/tail (strong rejection wick) has appeared and can be used as an AOV
- low bullish volume
- MACD cross
- take profit in FVG above OB (OB was tested once and supported well)
- shadow/tail (strong rejection wick) has appeared and can be used as an AOV
- low bullish volume
- MACD cross
- take profit in FVG above OB (OB was tested once and supported well)
Trade attivo
Our AOV entry has been retested 3 times which strengthens it, bearish volume is still stronger than bullish. RSI values hit overbought after hitting oversold and it was not enough to make a higher high, this indicates a weaker bullish volume struggling to breakthrough the recent high.Trade chiuso: stop raggiunto
The trade got through 50% of the maximum TP, by setting a trailing stop around 30% of the maximum TP we could settle with that position. This time we are waiting for a potential liquidity grab for another short entry.
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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.