IPUSDT: short setup from daily support at 8.378
A very sharp decline in the 
IPUSDT.P was stopped at the 8.414 level.
Usually, the natural reaction to such a drop is a correction, but we are not observing one here.
It is precisely this lack of a correction that is drawing my attention.
On the downside (for a short scenario), there is a consolidation zone that formed from Aug 30th to Sept 7th, which is a heavy area that could be difficult to break through.
Additionally, the asset has already covered a significant distance today, and there might simply not be enough energy left for a breakout.
Therefore, I will be watching very closely how exactly the price approaches this level.
Key factors for this scenario
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IPUSDT.P was stopped at the 8.414 level.Usually, the natural reaction to such a drop is a correction, but we are not observing one here.
It is precisely this lack of a correction that is drawing my attention.
On the downside (for a short scenario), there is a consolidation zone that formed from Aug 30th to Sept 7th, which is a heavy area that could be difficult to break through.
Additionally, the asset has already covered a significant distance today, and there might simply not be enough energy left for a breakout.
Therefore, I will be watching very closely how exactly the price approaches this level.
Key factors for this scenario
- Correlation with the market
- Volatility contraction on approach
- Momentum stall at the level
- No reaction after a false break
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Dagangan aktif
Nota
Trade Setup:Entry: 8.342
Stop-Loss (SL): 8.471
The idea is valid as long as the price has not hit the stop-loss level.
Nota
Okay, you need to keep your finger on the pulse here. The asset could go for a breakout of the level now, as the price is right near it, or it could pull back and consolidate for a few more hours.So, I am watching closely.
Publishing entry and exit points in this format is inconvenient, so I'm stopping that.
Dagangan ditutup: sasaran tercapai
Nota
The scenario played out well.
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.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
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.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.