TRB │ SHORT │ 11.11.2023

TRBUSDT.P

Comment
I really like this situation.

The instrument dropped strongly, and after such a move, we should expect an equally strong rise as a reaction to the instrument's movement. However, we don't see that. Instead, we observe a normal correction, and for the second day, we see the price getting closer and closer to the level.

Signals for level breakout

• close retest of the level;
  
• the instrument gradually approaches the level;
  
• accumulation of energy for level breakout;
  
• a good approach to the level;
  
• consolidation near the level;
  
• decrease in trading volumes before the level;
  
• the instrument is not allowed to increase in price;
  
• there is a reserve of calculated ATR;
  
• the instrument is weaker than the market.
  

Order parameters (risk-to-reward ratio = 1 to 3/4/5)

1. Open: 84.9574560;
   
2. Stop loss: 86.7951760;
   
3. Take profit: 79.4442960 / 77.6065760 / 75.7688560;
   
   Disclaimer
   Every trader should make their trading decisions based on their own analysis and circumstances. The signals in this channel should be considered as an additional tool for your own consideration.
   
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評論:

I am even more confident that we will go down!

評論:

Unfortunately, the instrument is struggling a lot. They are holding it above the level, and there have already been several false breakouts of the level. We need to be very cautious in waiting for an entry point and understand when the instrument is ready to move.

交易結束：目標達成:

On the third attempt to break the level, the target of 5 to 1 has been achieved.