DAMUSDT: Long setup from daily resistance at 0.08568

12 thg 9

The level is formed by an anomalously large bar from 09.09. Its strength is confirmed by the price stopping just below it on the local timeframe and entering a consolidation. I expect minimal volatility before the level and a continuation of the consolidation. If the consolidation is short, a strong breakout may not occur, resulting in a false breakout.

Scenario:

• Price void / low liquidity zone beyond level
  
• Volatility contraction on approach
  
• Immediate retest
  
• Prolonged consolidation
  
• Repeated precise tests of the level
  
• Consolidation with price compression
  

Do not open a trade if the scenario does not play out.

Do not open a trade solely because the price is crossing a key level, even if it is very strong. Pay attention to how the price crosses the level.

The Trader's House

12 thg 9

Giao dịch đang hoạt động

The price has crossed the level, and I am observing the reaction to this false breakout. If a correction occurs, the trade will be invalidated. If there is no deep correction, it will be another signal for a level breakout, and it is worth waiting for my entry point.

12 thg 9

Ghi chú

Volatility has increased, and the asset quickly approached the level, which contradicts our scenario. I continue to observe, as the asset has not yet started a correction. An entry opportunity may appear on the second approach if it occurs with low volatility.

13 thg 9

Đã hủy lệnh

The second approach to the level was also with high volatility, which contradicts the scenario. Therefore, after the second false breakout of the level, we now have a full-fledged "запил" (choppy price action) at the level, where there is no specific price for an entry or stop loss. I am no longer observing the asset.

15 thg 9

Ghi chú

Those who continued to observe the asset could have gotten an ideal long entry point at the local level: 0.08779.