Price pumped from 4.55 and closed above previous high, means it did Market Structure Shift (MSS as marked on the chart). As MSS is bullish so we have to look for LONG Entries in that move. I have marked the OB+FVG area as POI which is below the newly created liquidity trap SSL.
When price will come to sweep that then we can enter Long after the confirmation candle.
Currently in the rejection zone and got rejected as well. It will be a stupid idea to buy this at the current price if you are looking for its purchase.
It's a different coin from others because of its manipulative moves. Currently its in a range where I will not enter in any trade meaning there's no trade area for.
🔺Below that box is the Liquidity cluster with 4H FVG liquidity, where I will look for longs after confirmation.
🔺Above that box is buy side liquidity where I will look for Short Entries after confirmation.
Currently it's in a trap zone of ranging and taking liquidity from both sides of Long or Short traders. As you know from yesterday...
Currently for me BTC is in no trade range for a swing trade (but can do small scalps). I have marked Red area for potential Short swing trade and for long below trendline and Sell side liquidity is a Bullish FVG like a black hole. Expecting price to fill that FVG and then after reclaim we can look for swing LONGs.....
$ETH Currently ETHUSDT is giving respect FVG and going up after taking previous day low liquidity but this isn’t my major buy zone. I will look for LONG from Lower FVG that caused CHoCH (after confirmation).