A very sharp decline in the 
IPUSDT.P was stopped at the 8.414 level.
Usually, the natural reaction to such a drop is a correction, but we are not observing one here.
It is precisely this lack of a correction that is drawing my attention.
On the downside (for a short scenario), there is a consolidation zone that formed from Aug 30th to Sept 7th, which is a heavy area that could be difficult to break through.
Additionally, the asset has already covered a significant distance today, and there might simply not be enough energy left for a breakout.
Therefore, I will be watching very closely how exactly the price approaches this level.
Key factors for this scenario
Was this analysis helpful? Leave your thoughts in the comments and follow to see more.
IPUSDT.P was stopped at the 8.414 level.Usually, the natural reaction to such a drop is a correction, but we are not observing one here.
It is precisely this lack of a correction that is drawing my attention.
On the downside (for a short scenario), there is a consolidation zone that formed from Aug 30th to Sept 7th, which is a heavy area that could be difficult to break through.
Additionally, the asset has already covered a significant distance today, and there might simply not be enough energy left for a breakout.
Therefore, I will be watching very closely how exactly the price approaches this level.
Key factors for this scenario
- Correlation with the market
- Volatility contraction on approach
- Momentum stall at the level
- No reaction after a false break
Was this analysis helpful? Leave your thoughts in the comments and follow to see more.
Trade aktif
Catatan
Trade Setup:Entry: 8.342
Stop-Loss (SL): 8.471
The idea is valid as long as the price has not hit the stop-loss level.
Catatan
Okay, you need to keep your finger on the pulse here. The asset could go for a breakout of the level now, as the price is right near it, or it could pull back and consolidate for a few more hours.So, I am watching closely.
Publishing entry and exit points in this format is inconvenient, so I'm stopping that.
Trading ditutup: target tercapai
Catatan
The scenario played out well.
Trading facts, not expectations.
Follow our full analysis & track record on Telegram: t.me/the_traders_house
Not financial advice. High risk. DYOR.
Follow our full analysis & track record on Telegram: t.me/the_traders_house
Not financial advice. High risk. DYOR.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Trading facts, not expectations.
Follow our full analysis & track record on Telegram: t.me/the_traders_house
Not financial advice. High risk. DYOR.
Follow our full analysis & track record on Telegram: t.me/the_traders_house
Not financial advice. High risk. DYOR.
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.