here is a potential trade setup for a quick scalp with a 1:3 risk-to-reward ratio based on the analysis of the SHIB/USDT chart using Smart Money Concepts, ICT (Inner Circle Trader) principles, and liquidity traps:

Position: Long

Entry Point: 0.00002734 USDT (current price)

Stop Loss (SL): 0.00002680 USDT (below recent liquidity sweep)

Take Profit (TP): 0.00002882 USDT

Reasoning Behind the Setup

1. Liquidity Trap: SHIB recently experienced a liquidity sweep below key support, often signaling the potential for a reversal as “smart money” accumulates positions at discounted prices.

2. Trendline Breakout: A breakout was observed from a descending trendline, which often triggers buying momentum. The suggested entry is above the breakout level, following confirmation.

3. Smart Money Concepts: Following the mitigation of an order block (area where large institutional orders were filled), there is potential for a bullish move to target the next resistance area.

4. Risk-to-Reward: The suggested stop loss is tight, placed just below the recent liquidity sweep, while the take-profit target aligns with the next resistance zone, maintaining the 1:3 risk-reward ratio.

This analysis is based on publicly available technical analysis and concepts from the Smart Money and ICT trading methodologies. Keep in mind that crypto markets are highly volatile, and no trade setup is guaranteed to succeed. Consider this information as educational insight, not financial advice.#shiba⚡ $SHIB