BEAM scalp - August scalping journey trade Nr. 6

2024年8月8日

Another setup from the livestream is coming into play. Shorting some BEAM here at the retest of this range. Looking for the imbalances to be filled on the downside. Maybe even going under MDay-Mid but let's see. Important news later on so keep that in mind.

Analysis of the Chart:

Retest of the Range:
The chart shows BEAMUSDT retesting a previously established range. This level acts as a potential resistance where the price might reverse.

Break of Structure (BOS):
Several Breaks of Structure (BOS) indicate where the market sentiment has shifted. These points are crucial in identifying the potential continuation or reversal of the trend.

Imbalances and Fair Value Gaps (FVG):
The price has created imbalances or Fair Value Gaps (FVG) on the way up. These gaps represent areas where the price moved quickly without much trading, often revisited by the price to achieve equilibrium.

2024年8月9日

交易结束：到达止损

Stopped at break even