1h TF. On the
A local false breakout above the range was observed, signaling insufficient buyer strength to sustain a breakout of key levels. The ongoing seller pressure increases the likelihood of a downward price move.
🔑 Technical Context
- A liquidity cascade below the current price forms the foundation for a potential downward impulse.
- Increased selling volume at price extremes reinforces the bearish scenario.
- A false breakout of the upper range boundary highlights buyer weakness and confirms the bearish market sentiment.
🚩 Execution Strategy
*Wait for the price to compress towards the nearest liquidity level.
*On the 5-minute timeframe, look for the formation of a local consolidation zone.
*Enter the trade at the moment of the support level breakout.
*Place the stop-loss above the local consolidation zone to minimize risks.
📈 Recommendations
- Entry Timing: Use the 5-minute timeframe to accurately identify the breakout moment.
- Risk Management: Set stop-losses based on the local consolidation zone to minimize potential losses.
- Volume Analysis: Monitor further increases in selling volume at key levels to confirm the downward impulse.
Conclusion
At this stage,
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🎥 YouTube channel:
👉 YouTube
📚 Courses traders:
👉 Stepik
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.