$ETH
Trade Setup (Bearish Reversal from Supply Zone):
Chart Context:
Strong bullish move reaching into a clear supply zone (red box).
A marked Weak High inside that supply suggests potential liquidity grab.
FVG is seen below current price—indicating inefficiency and potential price return.
No strong BOS yet on this timeframe, but signs of exhaustion are visible at the top.
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SELL Trade Idea (Short):
Entry: Around 1973–1995 (inside red supply zone after weak high is swept)
Stop Loss (SL): Just above the supply zone – around 2000
Take Profit (TP1): 1960 (close of FVG gap)
Take Profit (TP2): 1920 (order block zone)
Take Profit (TP3): 1902 (strong demand zone)
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Confirmation to Wait For:
1. Price rejection or bearish engulfing candle inside red zone (supply).
2. Change of Character on a lower timeframe (e.g., 5 min).
3. FVG imbalance beginning to fill.