💰 Trading Plan | June 21 | OPGUSDT.P 🔥
🔹 Context
4H Bias: After a strong dump from SWH to SWL, price is sideways at a discount.
1H: price gradually rising from the bottom and creating CHOCH, no significant pullback yet, price is sideways at the 1H peak with low volume.
OI: slightly up from the bottom, but then continuously decreases while forming CHOCH and enters the 1H RB (old SWH).
Funding: neutral.
Nearest liquidity: new 1H SWH at 0.1727. Above is the old 1H SWH at 0.1781, 1H Int. Liq. at 0.1975, and further is 0.2180. Closest below is the 1H OTE at 0.1533, further down is the 1H SWL at 0.1412, 4H SWL at 0.1386.
=> 4H bias remains bearish, but price is at a discount. Be cautious in both LONG/SHORT directions.
🔹 Today's trading plan
🔸 Plan A: SHORT after liquidity sweep in the 0.1727 (1H SWH) - 0.1781 (old 1H SWH) region
Checklist:
Liquidity sweep appearing in the upper zone
OI decreasing or flat
Volume increasing
Slightly positive funding
5m/15m showing downward displacement
Volume significantly increasing
OI stops decreasing or starts to rise again
CHoCH + FVG
5m/15m pullback retest FVG:
Weak volume recovery
OI flat or slightly up
Entry: open position when price retests 5m/15m FVG
Stop loss: above the 5m/15m SWH candle
Target:
TP1: 0.1571 (new 1H SWL)
TP2: 0.1412 (1H SWL)
Cancel: price breaks out with a strong 1H close accompanied by volume and OI increase. Switch to Plan B.
🔸 Plan B: LONG breakout of the old 1H SWH at 0.1781
Checklist:
OI must create a bottom and start to rise
Price breaks strongly through the 1H RB with volume and OI increase
Above 15m
Breakout with displacement + FVG
Retest 15m FVG
Low volume
OI flat or slightly up
Entry: 15m FVG
Stop loss: below the reversal candle
Target:
TP1: 0.1975 (1H Int. Liq.)
TP2: 0.2180 (1H old SWH)
Cancel: price breaks out and quickly returns below 1H SWH (liquidity sweep).
🔸 Plan C: LONG when price retraces to 1H OTE (0.1480-0.1533)
Checklist:
Price continues to retrace to the 1H OTE with
Volume decreasing gradually
OI decreases slightly, creates a bottom, and starts rising again
Above 15m
Increasing displacement + FVG
Retest 15m FVG with low volume
Entry: 15m FVG
Stop loss: below 15m SWL
Target:
TP1: 0.1727 (1H SWH)
TP2: 0.1781 (1H old SWH)
TP3: 0.1975 (1H Int. Liq.)
Cancel: price closes the 1H candle strongly through the OTE zone with increased volume.