A trader uses Bookmap to spot sellers absorbing buy orders at 23:38, signaling a short entry on a 30-second chart. The trade captures a 1:5 risk-to-reward ratio in minutes by identifying price rejection at the 50% level where buying volume dried up.
This trader, I've seen him take a 30-second timeframe trade and achieve a 1:5 in like 3-4 minutes. Where's best to begin? I get in at 11:49 at night, and what I was seeing is that the price was rejecting this zone. You can see that the price didn't have the volume enough to go above that 50% of the range, the last range that made. And when I go to the bookmap, and this is where the magic happens, you can see here is 23:38, and you can see that the market is trying so hard to go over, but even that I have buying volume, it cannot do anything. So that means that the sellers are absorbing those buys. They are gaining a lot of control in that area.
