🔍 SMC analysis of the chart
✅ 1. General trend
The current trend in the short term is upward after a strong bounce from the level of 98,200.
However, the price is still trading below the average discharge price of 108,782.59, indicating ongoing selling pressure above it.
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📌 2. Supply and Demand Areas
Strong demand zone: between 98,000 and 100,000 — the price surged strongly from it after a clear liquidity trap.
Potential supply zone: between 108,400 and 110,500 — we previously saw a strong break downward from it.
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🎯 3. Liquidity Analysis
A previous low was broken at 98,200 → it was an ideal liquidity trap (Stop Hunt) and then the market reversed strongly upwards.
Now the price is approaching pending liquidity above 108,400 and 110,500 → a potential target for market makers.
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🧠 4. Market Structure Shift
A previous peak was broken at 105,721.40 → Initial confirmation of a bullish structure change.
We are now in a corrective movement towards a higher supply area.
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🛠️ 5. Smart Entry Zones according to SMC
If you are looking to buy: it is best to wait for a return of the price near the area of 104,500–105,000 (OB or Fair Value Gap) with confirmation.
If you are looking to sell: enter from the area between 108,400 – 110,500 with a small stop above 110,700.
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✅ Ready recommendation based on the analysis
📍Recommendation: Sell from supply areas
Sell Entry Point: 108,400 – 110,000
First target (TP1): 105,200
Second target (TP2): 102,000
Stop Loss (SL): 110,700
Risk-to-reward ratio (RR): Excellent exceeding 2.5:1
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🧠 Additional Notes:
Carefully monitor price movement when entering the supply area, and wait for a reversal candle or confirmation pattern before entering.
Do not enter directly without confirmation from price action.
#BinanceAlphaAlert #MarketRebound
