Moon Peak has experienced a corrective move and is now approaching the key range low. This level is critical, as a sweep of the low followed by a quick reclaim could trigger a bullish swing failure pattern (SFP) — a classic liquidity grab that often leads to a reversal.
If price reclaims the range after taking out the low, it opens up the probability of a move back towards the range high, offering a high R:R trade setup for rotational traders. The entire trading range spans roughly 180%, and the current structure suggests price action will continue oscillating between the extremes until a confirmed breakout or breakdown occurs.
This kind of environment favors mean-reversion strategies, especially around the edges of the range. Patience is key — waiting for confirmation around the range low will be essential before positioning for upside.
If price reclaims the range after taking out the low, it opens up the probability of a move back towards the range high, offering a high R:R trade setup for rotational traders. The entire trading range spans roughly 180%, and the current structure suggests price action will continue oscillating between the extremes until a confirmed breakout or breakdown occurs.
This kind of environment favors mean-reversion strategies, especially around the edges of the range. Patience is key — waiting for confirmation around the range low will be essential before positioning for upside.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.