The market recently captured sellside liquidity around 1.337 USDT, indicating that weak hands might have been cleared out, suggesting a potential bullish move. The price also broke through the 3D/MSB level at 1.742 USDT, further supporting the bullish bias.
The market structure suggests that the price could continue to move towards the next liquidity zone in the 3.200 to 3.207 USDT range.
An entry could be considered around the current price of 1.902 USDT, ideally on a retest of the 3D/MSB level at 1.742 USDT to achieve a better risk-to-reward ratio. The stop loss should be placed below the recent liquidity sweep at 1.337 USDT, while the take profit target is set at the liquidity zone near 3.207 USDT.
Position management should be aligned with your risk tolerance, ensuring that the stop loss does not exceed a predetermined percentage of your account balance.
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💎💎- Professional Trader
💎💎 - Discord: discord.gg/gHKNVMyEvd
💎💎 - Trading Course: liquiditysweep369.carrd.co/
💎💎 - Discord: discord.gg/gHKNVMyEvd
💎💎 - Trading Course: liquiditysweep369.carrd.co/
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.