GORKUSDT just completed a classic liquidity sweep beneath a key swing low, followed by a strong bullish reaction. This price action suggests smart money accumulation after a prolonged downtrend. A potential short-term reversal is underway, offering a high-RR long setup.
Key Observations:
• Market Structure Shift: The prolonged downtrend was broken with a bullish engulfing pattern after a clear TBS at the lows.
• Demand Zone Reaction: Price bounced precisely from the support level around 0.00810, forming a base with a rejection wick — confirming liquidity sweep.
• Bullish Momentum: The current bullish candle is closing above minor consolidation, showing strength.
Entry: 0.00828
• Stop Loss: 0.00810 (Below liquidity grab wick)
• Target 1: 0.00890 (Previous minor resistance)
• Target 2: 0.01097 (Major resistance zone and FVG fill)
Key Observations:
• Market Structure Shift: The prolonged downtrend was broken with a bullish engulfing pattern after a clear TBS at the lows.
• Demand Zone Reaction: Price bounced precisely from the support level around 0.00810, forming a base with a rejection wick — confirming liquidity sweep.
• Bullish Momentum: The current bullish candle is closing above minor consolidation, showing strength.
Entry: 0.00828
• Stop Loss: 0.00810 (Below liquidity grab wick)
• Target 1: 0.00890 (Previous minor resistance)
• Target 2: 0.01097 (Major resistance zone and FVG fill)
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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.