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Yesterday’s 21:00 afternoon/evening session trading ideas for everyone still center on: after a pull-up and a rebound, price is meeting resistance ahead and the current support.
In the high-range consolidation of an important zone—1920-1940, which I marked for everyone during the livestream—in this consolidation move:
Within this price action, 1940 on the upside is the primary short-term resistance and the position of the recent local high. It’s definitely the first place where this rebound gets rejected. The given idea is: if it can’t break through after a long attempt, a pullback is normal as a shakeout. Then wait for a retest back to around 1900 to continue holding longs.
The idea is to go long around 1910, set the stop loss below 1900, at 1890. The first target is still the first resistance zone above at 1940. For the shorts in this area, the idea provided is also: when price gets blocked here, follow through with a short-term pullback trade.
In a range-consolidation market, this is like a flexible “dragon” that moves back and forth by identifying the current support and resistance zones. For making full use of both the market and liquidity, on this basis you still need to watch the risks of breaking through resistance and dropping below support—so when opening a position, you can’t just set take-profit; stop loss is still required $ETH