Speak TRADERS, I bring you a day trade option in the RNDR USDT Crypto.
I've posted trades of this type here on my profile before, and they are usually very interesting due to the risk and reward they provide.
LOGIC BEHIND THE TRADE
This is a change of character that occurred in the early hours of today where the price showed interest in cheaper prices but did not go down and continued to rise further.
That region leaves us with a strong OrderBlock as it has been cleaned of sellers.
As soon as the price enters that region, the greatest probability is that it will rise sharply, as there will be an imbalance between buyers and sellers.
I advise entering these operations at the block limit as we could be left out of the trade if it only touches and then goes up.
So place your limit buy orders in the region of 10.2768
with the stop loss below the order block region and with the takeprofit at least 4 times the risk.
Let's see how the market will react!
I've posted trades of this type here on my profile before, and they are usually very interesting due to the risk and reward they provide.
LOGIC BEHIND THE TRADE
This is a change of character that occurred in the early hours of today where the price showed interest in cheaper prices but did not go down and continued to rise further.
That region leaves us with a strong OrderBlock as it has been cleaned of sellers.
As soon as the price enters that region, the greatest probability is that it will rise sharply, as there will be an imbalance between buyers and sellers.
I advise entering these operations at the block limit as we could be left out of the trade if it only touches and then goes up.
So place your limit buy orders in the region of 10.2768
with the stop loss below the order block region and with the takeprofit at least 4 times the risk.
Let's see how the market will react!