LABUSDT is experiencing significant gains in the past 24 hours.
As they always say, a trend is your friend, so I want to ride with the trend.
Once the market is bullish so we will be looking for a buy position to join the trend. These are the ways I analyze my chart as a scalper.
I open my TradingView.
I add the pair I want to trade to & the chart.
My direction bias is 1H
My setup is a 15-minute timeframe
My entry is on 3m or 1m.
SMC style
Since the 1H direction is bullish, I move to my set-up timeframe, which is 15m.
On 15m, I mark the break of the structure, order block that causes the break, available liquidity price would clear before tapping into my zo,ne, and I wait.
Entry module
I am waiting for the price to come to my zone and make a change of character, or for me to enter the trade.
On the chat above, I drew what I expect the price to do before I enter a buy position.
👉Bos means break of structure
👉Choch means change of character
This is my view, and it is not financial advice.
If no confirmation on my entry timeframe, I won't trade.
Screenshot from TradingView
@mhizta
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