Today I want to discuss a very important technical point with you...

Do you know how to trade in a consolidation, like weekend prolonged consolidation??

It's my question to you all...

And now I'm answering it myself 👇

First of all —

Don’t take trades in consolidation ❌

Because of low volume, fake moves, and sudden spikes that can easily trap you

But if you still want to know how to trade it…

Let’s learn it together....

As you can see in the #Bitcoin ($BTC ) chart, I’ve marked 2 setups (1 & 2)

Setup 1 ❌ — Pullback Short

BTC already gave a strong bullish move from 72K to 76K

Now a pullback is in play

Many traders will try to short here…

But this is not the best approach in a consolidation phase ⚠️

Setup 2 ✅ — Trend Continuation

This is the setup I prefer

Waiting for the market to bounce from support

And then continue the overall bullish trend..

I will always prefer Setup 2 over Setup 1

Not the short in this situation

Always keep this in your mind

That’s why right now —

I am waiting for the market to come into my zone

No rush, no force trades…

We will trade only when the setup is clear and confirmed...

For now — patience is the real trade...

Credit​ Michelin​