BCHUSDT - Bullish Market Structure Shift (MSS) with Liquidity Targets
Setup Overview:
BCH/USDT is showing a strong bullish Market Structure Shift (MSS).
Price has recently taken out sell-side liquidity, confirming a shift in market sentiment from bearish to bullish.
With this shift, the price is now expected to rally towards the buy-side liquidity, which is located higher in the chart.
Key Levels:
Sell-side Liquidity: At 436.0 USDT, price has cleared this level, indicating that sell orders have been absorbed and a reversal is in play.
Buy-side Liquidity: The key target for this move is around 803.1 USDT, which represents the next significant liquidity zone above.
Trade Plan:
Entry:
Enter the trade after confirming the bullish reversal at the current price level, following the market structure shift.
Stop: Place a stop below the recent low (just under the sell-side liquidity level) to protect against potential reversals.
Target: Set a target near 803.1 USDT, as the price aims for the buy-side liquidity.
Conclusion:
With the MSS confirming a shift to a bullish market structure after clearing sell-side liquidity, BCH/USDT is poised to move upwards towards the buy-side liquidity at 803.1 USDT. Watch for the confirmation of upward momentum before entering the trade.
Setup Overview:
BCH/USDT is showing a strong bullish Market Structure Shift (MSS).
Price has recently taken out sell-side liquidity, confirming a shift in market sentiment from bearish to bullish.
With this shift, the price is now expected to rally towards the buy-side liquidity, which is located higher in the chart.
Key Levels:
Sell-side Liquidity: At 436.0 USDT, price has cleared this level, indicating that sell orders have been absorbed and a reversal is in play.
Buy-side Liquidity: The key target for this move is around 803.1 USDT, which represents the next significant liquidity zone above.
Trade Plan:
Entry:
Enter the trade after confirming the bullish reversal at the current price level, following the market structure shift.
Stop: Place a stop below the recent low (just under the sell-side liquidity level) to protect against potential reversals.
Target: Set a target near 803.1 USDT, as the price aims for the buy-side liquidity.
Conclusion:
With the MSS confirming a shift to a bullish market structure after clearing sell-side liquidity, BCH/USDT is poised to move upwards towards the buy-side liquidity at 803.1 USDT. Watch for the confirmation of upward momentum before entering the trade.
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💎💎 - Discord: discord.gg/gHKNVMyEvd
💎💎 - Trading Course: liquiditysweep369.carrd.co/
💎💎 - Trade Crypto with MEXC: promote.mexc.com/a/o86Er87P
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.
💎💎- Professional Trader
💎💎 - Discord: discord.gg/gHKNVMyEvd
💎💎 - Trading Course: liquiditysweep369.carrd.co/
💎💎 - Trade Crypto with MEXC: promote.mexc.com/a/o86Er87P
💎💎 - Discord: discord.gg/gHKNVMyEvd
💎💎 - Trading Course: liquiditysweep369.carrd.co/
💎💎 - Trade Crypto with MEXC: promote.mexc.com/a/o86Er87P
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.