💰 Trading Plan | GENIUSUSDT.P 🔥
$GENIUS 🔹 Context
- 4H Bias: Bearish.
- Price has dumped hard from the 4H Supply (0.62-0.65) down to around 0.402, moving sideways with low volume, then bounced up to the 1H Supply before returning to the downtrend.
Currently, the price is in Discount with low volume, and the bearish momentum has weakened.
- OI has remained nearly flat throughout the last downtrend.
- Funding is slightly negative, and retail traders are leaning towards SHORT.
=> Existing SHORT positions are taking profits.
🔹 Today's trading plan
=> Price is in Discount, do not SHORT.
🔸 Plan A: counter-trend LONG
Expecting price to sweep the SSL at 4H SWL before reversing for a short-term increase.
Conditions:
- Sweep 4H SWL 0.402
- Confirm on 5m: Bullish MSS
- OI does not decrease further, slightly increases again
Target:
- TP1: 0.484
- TP2: 0.520
- TP3: 0.586
Invalidation: Strong close of H1 candle below 4H SWL with rising OI. => switch to Plan B.
🔸 Plan B: SHORT breakdown
Conditions:
- Clear breakdown of 4H SWL 0.42
- OI increases and volume expands
- Then wait for a pullback into M5/M15 bearish FVG to SHORT
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