I gave out a set up for this PEPE SHORT!
Unfortunately I did get stopped out, I don’t win every trade I am very transparent.
I analyzed more into it and my leverage was to high, and my stop loss was to tight.
Let see what made me believe the price was coming down to the value area low.
1. Market Cipher was putting In bearish divergences on the 4hr with higher price action and lower momentum waves.
2. The best place to look for short is always the value area high( Remeber buy low sell high, easier said than done)
3. The fib retracement is a powerful tool when incorporating market cipher and volume profiles together, we literally hit the .786 and golden pocket and rejected those key levels making it a confluence short.
Unfortunately I did get stopped out, I don’t win every trade I am very transparent.
I analyzed more into it and my leverage was to high, and my stop loss was to tight.
Let see what made me believe the price was coming down to the value area low.
1. Market Cipher was putting In bearish divergences on the 4hr with higher price action and lower momentum waves.
2. The best place to look for short is always the value area high( Remeber buy low sell high, easier said than done)
3. The fib retracement is a powerful tool when incorporating market cipher and volume profiles together, we literally hit the .786 and golden pocket and rejected those key levels making it a confluence short.