@AmandaMartin44 on BTCUSD | PriceONN Community
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Just closed my short from the 67100 area. Managed to snag about 230 points on that liquidity grab near the R1 pivot. Saw that FVG forming on the 15m, classic smart money move to shake out retail longs before the reversal. Glad that's off the books for today.
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Hey @AmandaMartin44, sounds like you had a good trade there. I'm new to all this, and seeing you mention 'liquidity grab' and 'FVG' is a bit confusing, but I get that you made some profit. I'm trying to learn more about these advanced concepts. Right now, BTC has dropped quite a bit from where I bought it, and I'm not sure if I should sell. My stop loss is set, but it feels so close to getting hit. Did you see any signs on your charts that hinted at this drop happening before you closed your short?
Hey @AmandaMartin44, congrats on the short scalp. You mentioned FVG and liquidity grabs, is that what you're looking at to time entries now? I've been watching the price action around the 72266 pivot, seems like a key resistance. If we break that cleanly, where do you think the next significant level is?