Technical Breakdown
Liquidity Hunt ($): Price successfully swept the sell-side liquidity ($) resting below the previous swing lows, trapping early breakout bears.
Break of Structure (BOS): We witnessed multiple internal Breaks of Structure (BOS), confirming a shift in market sentiment from bearish to bullish as aggressive buyers stepped in.
H1 Order Block Mitigation: Price has retraced cleanly into the H1-OB zone (highlighted in teal). This area represents the last down-close candle before the impulsive upward move, serving as our primary demand zone.
The Projected Path: As drawn on the chart, price is expected to establish a higher low inside or just above the H1-OB, gather momentum, and initiate an impulsive rally toward the prominent overhead resistance.
Trade Parameters
Bias: Bullish 🟢
Entry Zone: Retest/Confirmation within the H1-OB region.
Invalidation (Stop Loss): A clean body close below the H1-OB invalidates the bullish thesis.
Take Profit / Target: The yellow Resistance line (Liquidity / Equal Highs target) where early short positions and buy-stops are resting.
Liquidity Hunt ($): Price successfully swept the sell-side liquidity ($) resting below the previous swing lows, trapping early breakout bears.
Break of Structure (BOS): We witnessed multiple internal Breaks of Structure (BOS), confirming a shift in market sentiment from bearish to bullish as aggressive buyers stepped in.
H1 Order Block Mitigation: Price has retraced cleanly into the H1-OB zone (highlighted in teal). This area represents the last down-close candle before the impulsive upward move, serving as our primary demand zone.
The Projected Path: As drawn on the chart, price is expected to establish a higher low inside or just above the H1-OB, gather momentum, and initiate an impulsive rally toward the prominent overhead resistance.
Trade Parameters
Bias: Bullish 🟢
Entry Zone: Retest/Confirmation within the H1-OB region.
Invalidation (Stop Loss): A clean body close below the H1-OB invalidates the bullish thesis.
Take Profit / Target: The yellow Resistance line (Liquidity / Equal Highs target) where early short positions and buy-stops are resting.
Trade closed: target reached
My BTCUSDT target hit perfectly 📈
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Join our Free Daily Signals Channel – Targeting 500+ Pips!
Join: t.me/TechnicalPipssSignal20
We share high-quality trading setups every day to help you stay ahead in the market.
Telegram: t.me/TechnicalPipssSignal20
Join: t.me/TechnicalPipssSignal20
We share high-quality trading setups every day to help you stay ahead in the market.
Telegram: t.me/TechnicalPipssSignal20
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.