EDENUSDT.P short setup from daily support at 0.3608

1 thg 10

After its listing, EDENUSDT.P has been moving down and has currently stopped at a level that has already been clearly confirmed.
At the moment, we have a combination of favorable factors for a short: a downtrend, an absence of strong buyers, good volatility, and consolidation.
All that remains is to wait for YOUR OWN entry point according to your trading system.
An important condition is that volatility does not increase as the price approaches the level.

Key factors for this scenario

• Global & local trend alignment
  
• Price void / low liquidity zone beyond level
  
• Volatility contraction on approach
  
• Prolonged consolidation
  

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2 thg 10

Giao dịch đang hoạt động

The asset continues to be in consolidation, which is a good sign—energy is accumulating for a potential breakout.
Usually, the longer and narrower the consolidation, the stronger and faster the resulting impulse is likely to be, indicating a short-term move.
Conversely, a long and wide consolidation often leads to a slower breakout and suggests a more medium-term nature for the trend.

2 thg 10

Ghi chú

The approach to the main level was accompanied by high volatility, so I would not advise opening a trade under such conditions.
However, there is a local level at 0.3499.
If a pre-breakout base (consolidation) forms near it and a quality entry point appears, then one could consider placing an order.

2 thg 10

Ghi chú

EDENUSDT.P attempted to break the local level of 0.3499, which I was using as a primary reference, but the price sharply pulled back from it.
So, we have a false breakout. At the moment, there is no strong correction; it seems the price has simply returned to the consolidation channel where it will likely remain for the near future.
If a deeper correction fails to materialize, it will be another signal in favor of the short scenario.
After that, all that remains is to wait for one's own entry point.

3 thg 10

Ghi chú

A good breakout of the level occurred. Result: 4.4-to-1.
Expecting at least a 5-to-1 risk/reward ratio.

4 thg 10

Đã hủy lệnh

Since my minimum target is a 5-to-1 ratio, and the maximum result for this scenario only reached 4.37-to-1, I am logging this as a break-even setup.
(This means the stop-loss was moved to the entry point).