1000PEPE │ SHORT │ 29.10.2023

1000PEPEUSDT.P

Signals for level breakout

• bar/candles closure near the level;
  
• bar/candles closure near its high/low;
  
• 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 being held from falling/rising in price;
  
• there is a reserve of calculated ATR;
  
• there is a reserve of technical ATR;
  

Trade Parameters

1. Open: 0.0011024;
   
2. Stop loss: 0.0011243;
   
3. Take profit:
   
   • 0.0010367;
     
   • 0.0010148;
     
   • 0.0009929;
     
   
   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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Comment:

Still waiting for the entry point.

Order cancelled:

There wasn't a good entry point. Although we crossed the level, in those days, when the instrument was approaching the level, it usually expended its entire Average True Range (ATR), and in such situations, I rarely open positions. As of today, the level has been significantly altered, so I am discontinuing monitoring this instrument.