HBAR short swing

8 באפר׳ 2023

1. Thesis/idea

SR flip? ✅ (8/10)
EMA/MA confluence? ✅ (10/10)
Stoch/RSI?
Context? ✅ (5/10)

23/30 Scores.




2. Reasons for that specific supply demand zone
Strongly respected h4 trend + d1 trend downtrend retest + h4 200ema

Previous range high, loooking for a bearish retest

3. Reasons for that specific EMA usage (How many successful retests has it given and have those retests lead to something significant)


Context:


1. How did this trade idea come to me? What influenced me to take this trade?
Crypto bubbles scan

2. What other nuances in this chart stand out to me & what factors reduces my confidence in the trade if any?
The chart DOES kinda look bullish, looks like some consolidation and Bullish MS (need to check)
3. How are overall higher TF market conditions in general when taking this trade? How is BTC.D, how are general alt coins doing?
Alts look like death generally, but some talk of alt season which makes me worried. also btc.d at range highs dont really want to short here

In case of success: what specific components do I believe lead to my idea playing out?


In case of failure, what happened with price that lead to me getting stopped out? Was my stop in a good position that protected me from further loss?