WIF/USDT: A dog wif hat lost faith but may become Pehoenix soon
WIF/USDT: A dog wif hat lost faith but may become Pehoenix soon
For this one I'm not going to explain everything in detail what me made find my BIAS, narrative etc.
But at least enough Information that should be "useful" or "work you must not do buy yourself then".
That could be the beginning of a race back to at least baseline or somehow below.
For now, the trade is only planed to TP 1. Also im already in.
I stepped in cuz:
So TP1 + 2 got really much conflunce. And 3 as well, tru pressure from the market. Maybe even higher, but im not that far yet.
I closed a WIF trade that evening, did the analysis after that, and just opened it again without trigger :D
But there are triggers and u should use them:
RB 1+2+3
Price Action
pullbacks into FVGs on 1h f.e.
"Hammer" candles with high Volumen
break of structure on a LTF
That was the second Idea i made here ever. So i'm happy you made it that far, thank you.
Also feel free to comment the trade/the writing style, question, whatever.
Pine Script®
- after a long lasting crash WIF started a decent move again
- was heavyly rejected
- in consolidation since then
- building a "Falling Wedge"
- the supposed breakout happend
- but there is still way more to come
For this one I'm not going to explain everything in detail what me made find my BIAS, narrative etc.
But at least enough Information that should be "useful" or "work you must not do buy yourself then".
That could be the beginning of a race back to at least baseline or somehow below.
For now, the trade is only planed to TP 1. Also im already in.
I stepped in cuz:
- - there are several FVGs on several timeframes. The price is likely to play them out and should than react that way. I followed them and we should be bullish now. One good argument is that the weekly bullish FVG keeps nicely respected, while the bearish monthly FVG is actually struggeling.
- - very bullish Price Action on WIF
- - the TP from the "Falling Wedge" alone would be 1.3943
So TP1 + 2 got really much conflunce. And 3 as well, tru pressure from the market. Maybe even higher, but im not that far yet.
I closed a WIF trade that evening, did the analysis after that, and just opened it again without trigger :D
But there are triggers and u should use them:
RB 1+2+3
Price Action
pullbacks into FVGs on 1h f.e.
"Hammer" candles with high Volumen
break of structure on a LTF
That was the second Idea i made here ever. So i'm happy you made it that far, thank you.
Also feel free to comment the trade/the writing style, question, whatever.
Sugartongue, and my hunger is still young. But I'll chase lights until the morning comes. And the world is flashing at the window.
Trade closed manually
i stoped it for now, what btc, the dominance and eth + various other r doing is not looking good. also i found a couple errors or things i rated wrong, f.e. the first rejection point. maybe im getting in again later, but for now ill start cooking. like literallyNote
went out at 1.0255, what turns out to be the right decision for now :p
Sugartongue, and my hunger is still young. But I'll chase lights until the morning comes. And the world is flashing at the window.
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.
Sugartongue, and my hunger is still young. But I'll chase lights until the morning comes. And the world is flashing at the window.
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.