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BTC long scenario idea for 7/28/24
Our earlier short idea did not pan out. Buyers seem to be overcoming the sellers.
We are eyeing buyers pushing price above 69167 to pull liquidity. This move should be sharp and calculated, followed by selling into the Daily Open and/or NYO. The two POI's below DO and NYO are situated between 67893 and 67639.
This idea is invalid unless the liquidity at 69167 is breached and price pulls back.
We should expect price to retrace into the highs and we are looking for a 6:1 risk ratio for this trade.
We are eyeing buyers pushing price above 69167 to pull liquidity. This move should be sharp and calculated, followed by selling into the Daily Open and/or NYO. The two POI's below DO and NYO are situated between 67893 and 67639.
This idea is invalid unless the liquidity at 69167 is breached and price pulls back.
We should expect price to retrace into the highs and we are looking for a 6:1 risk ratio for this trade.
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