FIL - Trapped longs, may be good fuel to long later

13 May 2022

As we can see from the candle, some bulls got trapped but haven't been liquidated yet. I expect movement to the trendline and if volume appears and price squeezes back that would be a good opportunity to long

⭐️ BTC had huge liquidations, we may see a pullback
⭐️ Market is in panic
⭐️ If scenario plays out, we will have a trap precondition too
⭐️ 4th touch
⭐️ Near the end of formation
⭐️ Over VWAP

Will enter when price squeezes to the level on lower timeframes, the base will form and the strip will get faster.


Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum

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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones