Assetartisan
1. Change of Character (ChoCH):
A bearish ChoCH is visible, signaling a shift in market structure from bullish to bearish, suggesting a potential downward continuation.
2. Key Levels:
The price has retraced into a supply zone (highlighted in red), which aligns with the bearish sentiment. This area acts as a strong resistance.
3. Liquidity Grab:
Before moving down, the price seems to have cleared liquidity by spiking into the supply zone. This would remove stop losses and trap buyers, allowing sellers to dominate.
4. Risk-Reward Setup:
The entry appears to be near the supply zone with stop-loss protection above it.
The target likely aligns with the next demand zone or weak low (indicated by the horizontal line around 2,586).
5. Momentum Confirmation:
The bearish candles following the ChoCH confirm selling pressure. This reinforces the idea of a continuation to the downside.
Summary:
This trade aligns with a sell setup due to:
A bearish ChoCH.
Entry in a supply zone.
Potential liquidity grab.
Clear risk-reward with targets to the downside.
Let me know if you'd like further clarification!
A bearish ChoCH is visible, signaling a shift in market structure from bullish to bearish, suggesting a potential downward continuation.
2. Key Levels:
The price has retraced into a supply zone (highlighted in red), which aligns with the bearish sentiment. This area acts as a strong resistance.
3. Liquidity Grab:
Before moving down, the price seems to have cleared liquidity by spiking into the supply zone. This would remove stop losses and trap buyers, allowing sellers to dominate.
4. Risk-Reward Setup:
The entry appears to be near the supply zone with stop-loss protection above it.
The target likely aligns with the next demand zone or weak low (indicated by the horizontal line around 2,586).
5. Momentum Confirmation:
The bearish candles following the ChoCH confirm selling pressure. This reinforces the idea of a continuation to the downside.
Summary:
This trade aligns with a sell setup due to:
A bearish ChoCH.
Entry in a supply zone.
Potential liquidity grab.
Clear risk-reward with targets to the downside.
Let me know if you'd like further clarification!
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