Bitcoin has recently broken out of its prior range, sweeping liquidity below key levels.
This setup presents a potential mean reversion opportunity, expecting price to revert back into the range. The target for this trade is around 96,785.2, aligning with the previous consolidation area.
Key Levels:
Entry: Current price region (~89,310)
Target: 96,785.2 (Mean reversion level)
Stop-Loss: 85,969.9 (Below liquidity sweep)
Trade Execution:
Entry Confirmation: Signs of rejection from the liquidity grab area / MSB on 2h
Risk/Reward: Favorable setup with a good R:R ratio.
Stop Placement: Below the liquidity sweep to prevent early invalidation.
Conclusion:
The market has grabbed liquidity and is now positioned for a move back into the range.
If bullish momentum continues, we expect price to revert toward the 96,000 level.
This setup presents a potential mean reversion opportunity, expecting price to revert back into the range. The target for this trade is around 96,785.2, aligning with the previous consolidation area.
Key Levels:
Entry: Current price region (~89,310)
Target: 96,785.2 (Mean reversion level)
Stop-Loss: 85,969.9 (Below liquidity sweep)
Trade Execution:
Entry Confirmation: Signs of rejection from the liquidity grab area / MSB on 2h
Risk/Reward: Favorable setup with a good R:R ratio.
Stop Placement: Below the liquidity sweep to prevent early invalidation.
Conclusion:
The market has grabbed liquidity and is now positioned for a move back into the range.
If bullish momentum continues, we expect price to revert toward the 96,000 level.
Trade closed manually
Bearish structure. Closed trade manually.
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💎💎- 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.