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$BTC has been respecting this parallel channel since February! I took some really good positions inside it, and honestly, it was great.
Trading along the channel (or the box) is a solid technique until you get stopped out with an SL.
Normally, I short from the top of the channel and go long from the bottom on higher timeframes. I also sneak in a few scalps here and there.
Right now, I’m seeing a nice opportunity for scalps to go long from the middle of the channel up toward the top. I’ll keep the position size small and place my SL just below the middle line. The white box marks the liquidity zone. If the price reaches those levels, I’ll feel much more confident about taking the short.