SOLUSDT, Tue 16 Jul, I was Wrong!
I have been wrong for the past few weeks.
My price range should be between 210 and 112.
That's why I couldn't see the discount and premium area properly in the chart.
And I was constantly looking for short positions.
I considered the price range from week to week, in other words, only the 7-day price range, and this mistake made my point of view only a short position.
This is what I learned from the losses of the past few weeks:
- Below the price of 161, I am in the discount area and I should have been looking for a long position.
- When the price enters the premium area, I should look for swings "high" in the daily time frames. in areas between 62% and 78% Fibo.
I marked these points in the chart from 1 to 3 in red.
I also identified a black dot, but I have doubts about it.
- Maybe in the premium area, if the price crosses these points indicated in the chart, a short position can be taken.
It should be noted that the above content is my opinion and analysis of price action and market movement prediction and it could be wrong.
The above content is not an offer to buy or sell or trade and is only an educational aspect to understand more about ICT concepts.
I will welcome the opinions of friends in this regard.
20:22
My price range should be between 210 and 112.
That's why I couldn't see the discount and premium area properly in the chart.
And I was constantly looking for short positions.
I considered the price range from week to week, in other words, only the 7-day price range, and this mistake made my point of view only a short position.
This is what I learned from the losses of the past few weeks:
- Below the price of 161, I am in the discount area and I should have been looking for a long position.
- When the price enters the premium area, I should look for swings "high" in the daily time frames. in areas between 62% and 78% Fibo.
I marked these points in the chart from 1 to 3 in red.
I also identified a black dot, but I have doubts about it.
- Maybe in the premium area, if the price crosses these points indicated in the chart, a short position can be taken.
It should be noted that the above content is my opinion and analysis of price action and market movement prediction and it could be wrong.
The above content is not an offer to buy or sell or trade and is only an educational aspect to understand more about ICT concepts.
I will welcome the opinions of friends in this regard.
20:22
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