I see the trading environment as ranging for the time being. The range is the jan 2022 range from which BTC got rejected. Since the trend has flipped I am waiting to join team BERA(bear) after confirmation. The plan is to wait patiently until 41500-42000 shows up again which will be an opportunity to sell. Do not chase and wait for rejection from 41500-42000. If...
This asset has been seeing very high selling pressure at the 36-44 range and has moved down to the may high-q3 close. Q3 high (previous ATH) has remained strong support for ATOM which I am expecting to hold. The plan is a clear reclaim of Q3 close and to breakout trade the LTF range with a SL near the sweet spot (30.3) and TP near 42.5 and 51.
So BINANCE:OCEANUSDT has delayed its run for the second bull market of 2021. After ranging in the ltf orderblock for 90 days and having broken ms in august, it returned to consolidate in the upper range (above 75% of range). After the upper range consolidation, BINANCE:OCEANUSDT broke out of the ltf range, got rejected at the area of distribution. Having just made...