Trading this range bounding on $DOT !!
Ranges over Ranges
Deviations over Deviations
This chart is rather easy to approach compared to others, especially BTC .
My first game plan is to short $DOTUSDT at the range high
Confluences at that level:
1- H12 supply
2- retest of the range high after the deviation (This is mainly how I like to trade)
3- H4 order block
Target:
Ultimately the range low at $15 (Daily range)
Why am I looking for shorts:
1- We have Monday’s low to sweep
2- We made a market structure break ( msb ) today to the downside so the MTF bias is bearish
3- Strong rejection at the EQ (Daily range), so naturally you should look for the range low after such rejection
Share me your ideas about this, let’s get this trade together
I will share my long setup too so if you are interested follow me on tradingview and stay tuned
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