GMT / TetherUSShort
Take two on GMT/USDT Short
Whats Up Retail Whales 🐋
Before we start to discuss, id be so glad if you share your opinion on this post's comment section and hit the like button if you gained value!
Take two on our GMT Short here, we missed our previous limit order by 0.19% which the market then melted as we expected. This price movement has created a new swing low and another build up of sell side liquidity.
We still have the large imbalance to be filled to the downside on the higher timeframe and will be looking to hold this trade down to the Lowest Whale Block.
I am predicting we will sweep the liquidity above around the time New York Session Opens hopefully grabbing both our orders and mitigating our Whale Blocks.
Watch for a retail trap on the bearish trend line as breakout traders will buy the break of trend and support and resistance traders will sell the resistance, both parties could be purged.
Horizontal zones and Whale Blocks are much more reliable that Retail Trend lines
Remember we are trading human emotions and probabilities
Hope you enjoy the content we create, You can support us with your likes and cheers 🙏🙏
❗️Attention: this isn't financial advice we are just trying to help people with their vision.
HooRaa
Before we start to discuss, id be so glad if you share your opinion on this post's comment section and hit the like button if you gained value!
Take two on our GMT Short here, we missed our previous limit order by 0.19% which the market then melted as we expected. This price movement has created a new swing low and another build up of sell side liquidity.
We still have the large imbalance to be filled to the downside on the higher timeframe and will be looking to hold this trade down to the Lowest Whale Block.
I am predicting we will sweep the liquidity above around the time New York Session Opens hopefully grabbing both our orders and mitigating our Whale Blocks.
Watch for a retail trap on the bearish trend line as breakout traders will buy the break of trend and support and resistance traders will sell the resistance, both parties could be purged.
Horizontal zones and Whale Blocks are much more reliable that Retail Trend lines
Remember we are trading human emotions and probabilities
Hope you enjoy the content we create, You can support us with your likes and cheers 🙏🙏
❗️Attention: this isn't financial advice we are just trying to help people with their vision.
HooRaa
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