KAVAUSDT.P Strong Rejection + Butterfly (Short) 5/21/2023

2023年5月21日

- complete bearish butterfly (2.618 max)
- shadow/tail (strong rejection wick) has appeared and can be used as an AOV
- low bullish volume
- MACD cross
- take profit in FVG above OB (OB was tested once and supported well)

2023年5月22日

交易進行

Our AOV entry has been retested 3 times which strengthens it, bearish volume is still stronger than bullish. RSI values hit overbought after hitting oversold and it was not enough to make a higher high, this indicates a weaker bullish volume struggling to breakthrough the recent high.

2023年5月22日

交易結束：達到停損點

The trade got through 50% of the maximum TP, by setting a trailing stop around 30% of the maximum TP we could settle with that position. This time we are waiting for a potential liquidity grab for another short entry.