SUI Short Position

2024년 11월 1일

in the bigger picture price is pulling back after changing structure and currently is in a pullback phase.
(that why the 15min is bearish) and we can use this in our favor and take a short position to the higher time frame demand.
so the red dots are our current 15-minute range that I marked and the recent dots are our latest range I'm looking to short the price to the liquidities above the marked demand and hopefully, price tag us in and we go lower.
(1:2.5RR)
extra confluence is the high in our range actually swept all the liquidities in its left and potentially could be respected

2024년 11월 1일

노트

it was a risky trade and unfortunately it hit our stop loss because that overall bias was bullish and price was in the pullback and it could reverse anytime.
the losses are ok we can't avoid them but we can manage them properly and still be profitable.
have a blessed day.