BTC: Update from Monday plans
Still looking at the same structure.
We had a bounce in our POI from Monday, but no OI flush or liquidations that we needed to see to get confident about longs.
We just had a sweep of the weekly lows where we saw the first long liq clusters and OI flush since this local move up.
We have a few single prints left to grab, which might happen over the weekend. That's a bit awkward because the other good setup is the OTE retracement of the ltf bounce we have here, but that would have a stoploss which is the entry for the other trade.
Long targets are clear and we left a big imbalance on the way down, which likely gets filled over the weekend, at least partially.
A good way to manage this, is entering half size on both trade ideas and managing risk with manual stoplosses. 2 candles closes on m15 or m30 below the single prints could be a possible invaldiation.
We had a bounce in our POI from Monday, but no OI flush or liquidations that we needed to see to get confident about longs.
We just had a sweep of the weekly lows where we saw the first long liq clusters and OI flush since this local move up.
We have a few single prints left to grab, which might happen over the weekend. That's a bit awkward because the other good setup is the OTE retracement of the ltf bounce we have here, but that would have a stoploss which is the entry for the other trade.
Long targets are clear and we left a big imbalance on the way down, which likely gets filled over the weekend, at least partially.
A good way to manage this, is entering half size on both trade ideas and managing risk with manual stoplosses. 2 candles closes on m15 or m30 below the single prints could be a possible invaldiation.
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twitter.com/mooncakexbt
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