Yesterday, BEAMUSDT saw the bulls making a bold attempt to break the 8H high with impressive volume, only to face a swift rejection on the second candle—classic false break! Using my trusted false breakout strategy, I set my order at the previous 8H high with a 1.5 ATR, targeting the 4H low.
With the weekend approaching and volume likely to dip, it's a thrilling setup to watch. Will the trade hit the target or hold steady in the low-volume weekend? Stay tuned for the outcome!
With the weekend approaching and volume likely to dip, it's a thrilling setup to watch. Will the trade hit the target or hold steady in the low-volume weekend? Stay tuned for the outcome!
Note
STOP LOSS set at BETrade closed manually
We got stuck at the support on the daily chart, which could signal a continuation to the upside. I'm closing this with a small profit!Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.