BTC scalp - August scalping journey trade Nr. 2

Trying this risky setup on BTC after 30min FVG got tagged and we are at the 3D VAH. Aiming for the 3D VWAP but please recognise the risk here.

Break up of the setup 👇

30-Minute Fair Value Gap (FVG):
The 30-minute Fair Value Gap (FVG) is a key level identified on the chart. This gap indicates an area where the price moved rapidly without much trading in between, creating a potential zone for price to revisit and balance out the prior inefficiency.

3-Day Value Area High (3D VAH):
The current price is at the 3-Day Value Area High (3D VAH). This is a significant point derived from volume profile analysis over a three-day period, indicating the upper boundary of the price range where the majority of trading volume occurred.

Price Action and RSI:
The price has shown a recovery from a recent low, moving upwards to tag the 30-minute FVG. The RSI (Relative Strength Index) is displayed at the bottom, providing insight into potential overbought or oversold conditions.

Trading Strategy:
Entry Point:
The entry is based on the price revisiting the 30-minute FVG, an area often revisited for price correction and liquidity purposes.

Target:
The primary target for this setup is the 3-Day VWAP (Volume Weighted Average Price). The 3D VWAP is a dynamic indicator representing the average price of the asset over the last three days, adjusted by volume. It is a key level where the price is likely to find support or resistance.
Going to take profits on the way down and moving my stop loss to break even.

Considering the high-risk nature of this trade, appropriate position sizing is essential. Avoid over-leveraging and ensure that the potential loss is within your risk tolerance.

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