1. The "Buyer Lose" Trap
At $0.58417$, retail buyers rushed to chase the bullish breakout, but they were quickly trapped as the market reversed sharply (marked as "Buyer Lose"). As these trapped buyers were forced to close their positions at a loss, their liquidations provided the downward fuel needed to complete the final liquidity sweep below $0.58077$.
2. The Trade Execution Plan
Following the sweep down to $0.57957$, we see a strong bullish rejection. This confirms that the liquidity hunt is complete and the market is ready to reverse.
- Entry: We enter Long around $0.58294$ once the price successfully reclaims the local range and confirms a bullish structural shift.
- Stop Loss (SL): Placed at $0.57957$, safely below the liquidity sweep low.
- Take Profit (TP): Target the pool of buy-stops resting above the previous highs at $0.59091$.
What is your take on this liquidity setup? Do you think the bulls will easily clear the resistance to hit our TP? Let me know in the comments below!
Disclaimer: This is for educational purposes only. Always manage your risk properly.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
