RENDER / TetherUS
Long
Updated

New Render/USDT Discount Array

178
New Render/USDT Discount Array
Price may possibly use new discount array to move higher from - see the chart for ideas. All the best.

🚩 Invalidation: If the Daily FVG breaks with a clear breakaway candle, this setup is void.
Note
A word of Warning. Daily BEARISH FVG
If price only wicks into an FVG (doesn’t close through it) → it shows rejection, meaning the gap is still being respected as supply or demand.

Price wicked into the bearish Daily FVG (supply), but hasn’t closed above it yet. That leans bearish, because the market tapped inefficiency, filled liquidity, and rejected.

For it to flip bullish, price would need to close inside or above those FVGs (preferably a strong displacement candle). That would show acceptance and likely continuation higher.

Bias = bearish rejection (supply holding).

snapshot
Note
snapshot
Note
Rough idea what needs to happen before a long entry.
snapshot
Note
Wait for the real liquidity push. If we miss it - move on.
snapshot
Trade active
snapshot
I hope you have been on this journey.
Trade closed: target reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.