Technical Analyst โข Order Flow & Market Profile โข
Breaking down auctions & execution โข Always improving โข Views are my own. Not financial advice.
$BTC ๐
Full TP โ
Setup: failed breakout above daily session VAH with trapped longs into NY-Open to target dPOC and dVAL.
~20% remain open as a runner, as price is now accepting below dVAL and we are trading at overall range extremes.
$BTC ๐
That is exactly what we just talked about... ๐
"Otherwise failed breakout from value can trap traders and set up a move back toward dPOC and opposite side of the daily range."
We saw two attempts to break above session value, both with intent: new longs were opening into the move. Both attempts failed, leaving those buyers trapped near the highs.
That failure confirmed an entry targeting dPOC, with dVAL as a potential next target, as explained in the previous post.
I'm in a fully secured short (~40% closed, SL at entry) from the failed dVAH breakout attempt.
Setup discussed here and executed live in the open Discord.