Dec '24 (edited) • General discussion
Market Analysis
So because the market is moving in a clear uptrend, we know we are looking for liquidity pools in the form of higher lows (pullbacks), which I've identified with the blue lines in the first image.
Now that we've identified that, we look for which liquidity pools are at a key level and place our order there, like I've annotated in the second image.
If the market were too go down into the liquidity pool at 43,842 - your stop loss would get hit. So you could place an order at 43,842 to hedge your position, as I've done in the third image.
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Market Analysis
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