BARDUSDT.P short setup from daily support at 0.8293

5 Okt

BARDUSDT.P has cleanly tested the 0.8293 level.
This level is the All-Time Low, which was the stopping point of the drop from the All-Time High.
There is a high probability that we will next see a consolidation followed by a breakdown of this level.
I really like these kinds of setups.

Key factors for this scenario:

• Global & local trend alignment
  
• Price void / low liquidity zone beyond level
  
• Volatility contraction on approach
  
• Momentum stall at the level
  
• Immediate retest
  
• No reaction after a false break
  

Was this analysis helpful? Leave your thoughts in the comments and follow to see more.

6 Okt

Nota

I've adjusted the level to the 0.8220 mark.
The asset remains in consolidation and isn't showing anything that would warrant removing it from the watchlist.
Therefore, I continue to monitor.

7 Okt

Dagangan aktif

There was a good entry point.
Currently, the risk/reward ratio is at 2.74-to-1.
The target remains 5-to-1.

8 Okt

Dagangan ditutup: sasaran tercapai

5-to-1.