The Power of First Touch Zones on BTC
2024-12-03

Let’s review what’s happening on the  BINANCE:BTCUSDT.P  chart: We have a critical zone where retesting is prohibited, and entries are limited to the first touch of the zone. In this strategy, the supply or demand zone is identified as a strong reversal point based on prior analysis. The following rules must be adhered to:

Entry on the first touch only:
The first touch of the zone is considered an opportunity to enter the trade.
The goal is to capitalize on the strength of this zone in reversing the price, based on liquidity activity or the presence of significant prior orders.

Risk Management:
Entering trades using this method requires strict risk management.