BEAM scalp - August scalping journey trade Nr. 6

8 août 2024

Another setup from the livestream is coming into play. Shorting some BEAM here at the retest of this range. Looking for the imbalances to be filled on the downside. Maybe even going under MDay-Mid but let's see. Important news later on so keep that in mind.

Analysis of the Chart:

Retest of the Range:
The chart shows BEAMUSDT retesting a previously established range. This level acts as a potential resistance where the price might reverse.

Break of Structure (BOS):
Several Breaks of Structure (BOS) indicate where the market sentiment has shifted. These points are crucial in identifying the potential continuation or reversal of the trend.

Imbalances and Fair Value Gaps (FVG):
The price has created imbalances or Fair Value Gaps (FVG) on the way up. These gaps represent areas where the price moved quickly without much trading, often revisited by the price to achieve equilibrium.

9 août 2024

Trade fermée: ordre d’arrêt atteint

Stopped at break even