Trade-Journal

📈💼 SHORT SCALP IDEA! 3.5.24

Short
BYBIT:BTCUSDT.P   BTCUSDT Perpetual Contract
We're currently positioned near the proximal line of our daily supply zone, observing a developing lower timeframe trinity model. Should we witness a shift to bearish market structure prior to the third tap, I intend to enter a short position.

Notably, Market Cipher indicates a local bullish sentiment, adding complexity to the analysis. This situation warrants close monitoring as there's potential for an upward rally from this support towards the distal line of our daily supply.

As always, adherence to our principle "no change, no trade" remains paramount. Given the day's proximity to the weekend, exercising caution is advised.

Stay informed and engaged by following for more updates and insights. 📈📉💼 #TradingInsights

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.