GRASSUSDT SPOTLong
Trading Idea Update: GRASS/USDT Spot - Bullish Reversal Setup
In this updated analysis of the GRASS/USDT Spot pair, the market has reached a key zone of interest, aligning with the Optimal Trade Entry (OTE) and ICT principles. This setup remains bullish as the market hunts liquidity at discounted prices before a strong rally. Here’s the detailed breakdown:
Liquidity Hunt and OTE Zone
The recent price action has dipped into the Liquidity Pool below previous lows, sweeping out sell-side liquidity and mitigating the Order Block (OB) within the OTE zone (highlighted in orange). This area, between $1.80 - $1.70, coincides with the 61.8%-78.6% Fibonacci retracement, where we expect smart money to step in and reverse the market.
Market Structure and CHOCH
The higher time-frame structure remains bullish. We see a Change of Character (CHOCH) and a series of Breaks of Market Structure (BMS) on the way down, indicating a retracement phase. This retracement appears to have reached its conclusion as price has tapped into the OTE zone, a key area where smart money often initiates new long positions.
Fair Value Gap (FVG) Mitigation
The price action also aligns with the mitigation of a Fair Value Gap (FVG) in the same discounted area. This adds further confluence to the expectation of a bullish reversal.
Bullish Bias and Rally Expectation
The bias remains bullish, with a strong rally expected from the OTE zone. The target for this rally is the $4.00 level, which aligns with the upper imbalance and liquidity resting above the previous swing highs.
Execution Plan
Entry: Current price within the $1.80 - $1.70 zone offers an excellent opportunity for long positions. Look for bullish confirmations on lower time frames (e.g., CHOCH, BMS).
Stop Loss: Below the $1.70 level to protect against a deeper liquidity sweep.
Take Profit:
First Target: $2.90 - $3.00 (immediate imbalance)
Final Target: $4.00 (major liquidity zone above the highs)
Confluence for Reversal
Liquidity Sweep: Sell-side liquidity has been taken below previous lows.
Order Block: Price has tapped into the OTE zone, coinciding with a higher time-frame OB.
FVG Mitigation: Price has filled the imbalance, further suggesting a bullish reversal.
Rally Setup: This combination signals that smart money has accumulated positions, and a significant upward move is imminent.
Summary
GRASS/USDT is poised for a bullish reversal after sweeping liquidity and tapping into the OTE Order Block. A strong rally is expected to target $4.00, offering a high-probability long setup with an excellent risk-to-reward ratio. Patience for confirmation in the OTE zone will ensure an optimal entry.
Liquidity Hunt and OTE Zone
The recent price action has dipped into the Liquidity Pool below previous lows, sweeping out sell-side liquidity and mitigating the Order Block (OB) within the OTE zone (highlighted in orange). This area, between $1.80 - $1.70, coincides with the 61.8%-78.6% Fibonacci retracement, where we expect smart money to step in and reverse the market.
Market Structure and CHOCH
The higher time-frame structure remains bullish. We see a Change of Character (CHOCH) and a series of Breaks of Market Structure (BMS) on the way down, indicating a retracement phase. This retracement appears to have reached its conclusion as price has tapped into the OTE zone, a key area where smart money often initiates new long positions.
Fair Value Gap (FVG) Mitigation
The price action also aligns with the mitigation of a Fair Value Gap (FVG) in the same discounted area. This adds further confluence to the expectation of a bullish reversal.
Bullish Bias and Rally Expectation
The bias remains bullish, with a strong rally expected from the OTE zone. The target for this rally is the $4.00 level, which aligns with the upper imbalance and liquidity resting above the previous swing highs.
Execution Plan
Entry: Current price within the $1.80 - $1.70 zone offers an excellent opportunity for long positions. Look for bullish confirmations on lower time frames (e.g., CHOCH, BMS).
Stop Loss: Below the $1.70 level to protect against a deeper liquidity sweep.
Take Profit:
First Target: $2.90 - $3.00 (immediate imbalance)
Final Target: $4.00 (major liquidity zone above the highs)
Confluence for Reversal
Liquidity Sweep: Sell-side liquidity has been taken below previous lows.
Order Block: Price has tapped into the OTE zone, coinciding with a higher time-frame OB.
FVG Mitigation: Price has filled the imbalance, further suggesting a bullish reversal.
Rally Setup: This combination signals that smart money has accumulated positions, and a significant upward move is imminent.
Summary
GRASS/USDT is poised for a bullish reversal after sweeping liquidity and tapping into the OTE Order Block. A strong rally is expected to target $4.00, offering a high-probability long setup with an excellent risk-to-reward ratio. Patience for confirmation in the OTE zone will ensure an optimal entry.
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