Perfect example of SL hunt and trapToday's price action is a textbook example of how the big players hunt and trap the retailers. Price goes below previous supports with big bearish candles and reverses sharply to go higher.
I forgot the name, a very famous trader once told that one of the secrets behind trading success is to put your buy order where most people put their stops!
Stophunt
Swing failure pattern ideaMy next trade im looking for a Stophunt / Swingfailure pattern/ liquidity grab , enter with confirmation, Step 1 Trapped shorts Step 2 Demand showing up. enter with starting position. and step 3 market structure change now the swing faillure pattern is confirmed and i can add more to my trade to trade it up to one of the horizontals levels i marked out.
Any questions? i will awnser them in the comment Section!
Stop Hunted, Strong Bounce from Daily Support look promising.Technical analysis:
Hello everyone, welcome to this quick update:-
As said closing is still pending in the tagged post. #Bitcoin dumped hard below its daily support and reached around $28,800. A couple of hours later, quickly moved up above its daily support. A huge amount of stop loss was triggered. Currently, #Bitcoin is trading around $34,000, approaching towards its resistance level of $35,100 - $35,800. #BTC needs to cross the resistance to have some bullish pressure.
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#bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #dailyclosed #stophunt