We would have to wait for a break. What doesn't convince me is the financing rate, where it either stays lateralizing or takes longer than necessary, it will gradually take you out.
Post
Scalping Con Botas
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$GPS is bullish... and that's exactly what makes it dangerous now, folks.
The price is not advancing, it's stalling, and when the market stalls, it's because it's counting who gets desperate first.
But here I leave the data just in case someone trades $GPS
General trend: Bullish
4H trend: Bullish
1H trend: Bullish
5M trend: Lateral
Best trade to take (scalping – window 2 to 3 hours): Wait
Long trade if you want.
Entry:0.00648 – 0.00652 (demand retest + supertrend 5M)
Target(s):
TP1: 0.00670
TP2: 0.00695
TP3: 0.00700 (major liquidity zone)
Stop Loss: 0.00635 (invalidated below 5M structure and loss of demand)
Short trade
Entry:0.00695 – 0.00705 (direct sweep of upper liquidity without acceptance)
Target(s):
TP1: 0.00670
TP2: 0.00650 Stop Loss:
0.00718 (acceptance above maximum and continuation).
Invalidation points so that later no one tells me that I didn't write them down.
Long
Invalidated if it loses and accepts below 0.00635 in 5M.
Reason: demand break + supertrend 5M + broken minor structure.
If that happens, the long ceases to exist. It is not traded.
Short
Invalidated if there is a close and acceptance above 0.00718.
Reason: clean break of the upper liquidity zone, it is no longer a sweep, it is a continuation.
The price is not advancing, it's stalling, and when the market stalls, it's because it's counting who gets desperate first.
But here I leave the data just in case someone trades $GPS
General trend: Bullish
4H trend: Bullish
1H trend: Bullish
5M trend: Lateral
Best trade to take (scalping – window 2 to 3 hours): Wait
Long trade if you want.
Entry:0.00648 – 0.00652 (demand retest + supertrend 5M)
Target(s):
TP1: 0.00670
TP2: 0.00695
TP3: 0.00700 (major liquidity zone)
Stop Loss: 0.00635 (invalidated below 5M structure and loss of demand)
Short trade
Entry:0.00695 – 0.00705 (direct sweep of upper liquidity without acceptance)
Target(s):
TP1: 0.00670
TP2: 0.00650 Stop Loss:
0.00718 (acceptance above maximum and continuation).
Invalidation points so that later no one tells me that I didn't write them down.
Long
Invalidated if it loses and accepts below 0.00635 in 5M.
Reason: demand break + supertrend 5M + broken minor structure.
If that happens, the long ceases to exist. It is not traded.
Short
Invalidated if there is a close and acceptance above 0.00718.
Reason: clean break of the upper liquidity zone, it is no longer a sweep, it is a continuation.
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