DAMUSDT: Long setup from daily resistance at 0.08568

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:
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
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
Zlecenie aktywne
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.Anulowano zlecenie
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.
Trading facts, not expectations.
Follow our full analysis & track record on Telegram: t.me/the_traders_house
Not financial advice. High risk. DYOR.
Follow our full analysis & track record on Telegram: t.me/the_traders_house
Not financial advice. High risk. DYOR.
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Trading facts, not expectations.
Follow our full analysis & track record on Telegram: t.me/the_traders_house
Not financial advice. High risk. DYOR.
Follow our full analysis & track record on Telegram: t.me/the_traders_house
Not financial advice. High risk. DYOR.
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.