Rijonistic
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Rijonistic
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Retail traders buy the breakout and get trapped. Smart money buys the Liquidity Grab.
With $BTC consolidating around $64000, here is how to trade the fakeout on the 15M chart:
1. Identify the clear horizontal floor
2. Wait for a candle to aggresively break below it
3. If the next candle pumps and closes back inside the range, enter a LONG position
4. Stop-loss right below the fakeout wick. Target the mid-range.
Are we sweeping down to $60k next? Drop a comment!
#DayTradingTips #crypto #BTC #TradingStrategies
With $BTC consolidating around $64000, here is how to trade the fakeout on the 15M chart:
1. Identify the clear horizontal floor
2. Wait for a candle to aggresively break below it
3. If the next candle pumps and closes back inside the range, enter a LONG position
4. Stop-loss right below the fakeout wick. Target the mid-range.
Are we sweeping down to $60k next? Drop a comment!
#DayTradingTips #crypto #BTC #TradingStrategies
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